By Patryk Wasilewski
WARSAW--Polish companies are more confident about the third-quarter due to faster economic growth and rising investments, according to a central bank survey published Monday.
The central bank's WPSE indicator rose 1.1% from the second quarter. Of the companies surveyed, export-oriented companies remain the most optimistic and profitable, despite the crisis in Ukraine.
"Exporters' situation remains significantly better than companies' selling goods only domestically," the central bank wrote.
Companies surveyed said they will gradually hire new employees in the July-September quarter at a similar pace to the second quarter.
The improved sentiment comes despite a recent decline of the manufacturing Purchasing Managers' Index toward the 50 point breakeven, which separates expansion from contraction, and slowing industrial output, which has raised questions about robustness of the country's recovery.
Central Europe's largest economy is on the mend this year thanks to robust exports and resurging domestic demand, after a slowdown at the turn of 2012 and 2013 that bordered on stagnation. The country's central bank forecasts growth to reach 3.6% this year from 1.6% a year earlier.
Write to Patryk Wasilewski at email@example.com
(END) Dow Jones Newswires
July 21, 2014 06:59 ET (10:59 GMT)
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