Exports up by 0.3% y/y in January

Polish exports increased by 0.3 percent year-on-year and totaled €13.36 billion in January, according to the Export Credit Insurance Corporation (KUKE). Exports declined by 3.5 percent on a monthly basis, KUKE also reported in a press release. The value of exports denominated in the Polish currency amounted to PLN 58.94 billion in January, a decline of 0.8 percent m/m and rise of 3.4 percent y/y. KUKE predicts that exports will rise by 8.6 percent and will total €186.4 billion in 2016.