NBP: more enterprises planning investments, but smaller
The NBP's latest report indicates that the percentage of businesses planning new investments in Q1 2025 has risen above the long-term median, with 23.1% of firms planning quarterly investments and 36.8% planning annual investments. However, the scale of planned expenditure growth has slightly declined, and the investment continuation rate dropped to 91.1% from 93.8%, marking its first decline in two years.
Public enterprises and large corporations showed greater optimism, while export-oriented and capital goods firms reported weaker investment sentiment, influenced by Germany's economic slowdown.
In construction, investment confidence dropped due to liquidity issues, tighter credit access, and weaker housing demand, with the investment continuation rate falling to 86.5% from 95.4%.
