According to the Central Statistical Office, industrial production fell by 6.4% year-on-year in April. This is a drop significantly below the forecast (-3.5%). April saw a significant year-on-year drop in the production of energy-related goods – by 14.5%, durable consumer goods – by 13.5%, supply goods – by 10.8% and non-durable consumer goods – by 5.3%. On the other hand, the production of investment goods increased – by 7.2%. As ING economists point out, “a deep drop in production is...

Inflation has been the biggest challenge in recent years for 77% entrepreneurs. Of these, 44% rated its impact as "very high". This is the conclusion of the study "Small, medium-sized companies - big challenges", conducted by the research agency IQS on behalf of the insurance company Wiener. The second most frequently mentioned challenge was the increase in labor costs - their impact was felt by 70% companies. The same percentage of respondents also indicated fuel costs as a key factor influencing the condition of their company....

As many as 71 percent of companies perceive the high pace of automation and digitization as the best opportunity to introduce innovative solutions - according to the study "IT investments in times of crisis. Cloud and new technologies. Prospects for 2022-2023" conducted by POLCOM and Intel. More on this topic can be read in the article @Puls Biznesu The article was published on the @Puls Biznesu portal on May 16, 2023. We invite you to read its full version: » Despite the crisis, companies in Poland do not...

As many as one third of Generation Y and Z employees are considering changing jobs, and every fifth is thinking about changing industries – this is the conclusion of a study conducted by RocketJobs.pl. The industry in which a job change was most often considered is sales. Leaving is the least talked about in design. The report "How to work so as not to regret? - Generation Z and Generation Y on regret, satisfaction and risk at work" shows that one of the main reasons for job dissatisfaction is the amount of salary. Almost 50...

Entrepreneurs are more concerned about legal changes than about the development prospects for their companies. Perhaps that is why they are more cautious than economists in predicting a drop in inflation. As many as 64% of entrepreneurs are concerned about legal changes and the actions of the administration – this is the conclusion of the “Business Index” study conducted by the Indicator Marketing Research Center for the Lewiatan Confederation. In the case of 65% of respondents, their concerns also extend to their company development forecasts. The report shows...

Despite numerous announcements about the company's increasingly good results, the Volvo boss has announced plans for massive job cuts. The layoffs will mainly affect office workers in Sweden. "Economic turmoil, rising raw material prices and increasingly fierce competition will most likely remain a challenge for our industry for some time to come," Volvo CEO Jim Rowan comments on the decision. This is yet another global giant that has recently decided to cut jobs. This shows that the current...

According to data from the National Debt Register of the Economic Information Office, the IT industry's arrears have increased by almost 22 percent and currently amount to over PLN 230 million. In March 2022, the sector's financial arrears amounted to less than PLN 180 million. The number of indebted entities increased from 6,388 to 7,028, and the average debt is PLN 32.8 thousand, which is PLN 4 thousand more than a year earlier. The IT sector is one of the industries that is particularly strongly affected by payment arrears. It would be much easier for companies to repay their debts if...

According to a report by Coface, in the first quarter of 2023, the insolvency of companies in Poland increased by 31% compared to the last quarter of 2022. It was added that the increase in insolvencies concerns every industry. The authors of the report noted that companies in Poland "are thriving in conditions full of concerns about the further development of demand, while other challenges, including higher operating costs, components used in production or staff shortages, remain significant barriers to conducting...

The latest edition of the EY CEO Outlook Pulse survey shows that according to 48% respondents, the slowdown will be moderate. On the other hand, 9% Polish CEOs expect a strong and lasting deterioration in the domestic economy. In turn, 41% believe that the slowdown will be strong but temporary. In addition, the majority of CEOs (59%) managing Polish companies believe that the recession will be more serious than the financial crisis of 2007-2008. Details are written by Dziennik Gazeta Prawna. The article was published in biznes.gazetaprawna.pl,...

McDonald, Accenture, Carrefour… – these are just the beginning of the list of giants that are cutting employment. The crisis related to inflation, banking turmoil, rising costs of companies and production forces changes in strategy also on strong and global players. This shows that the current market slump affects everyone, without exception. Entrepreneurs are forced to look for additional savings, which often involves the need to reduce positions in internal structures. At the same time, the latest...