Exports up 2% y/y in December – KIG

Exports from Poland increased by 2 percent y/y and dropped by 20.3 percent m/m in December, chief economist of the National Commerce Chamber (KIG) Piotr Soroczyński stated in a report. The value of goods and services sold stood at an estimated €15.96 billion.

According to Soroczyński, the significant drop was caused by seasonal one-offs. “Traders are preparing for increased sales during the Christmas and New Year period even in October and November. In December, however, they are only processing the last orders. Furthermore, companies often don’t have all the orders for next year, try not to overdo the inventory, especially in the period immediately before the annual reporting,” KIG explained.

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