Exports up by 8% y/y in 2015

Polish exports increased by 8.1 percent on a yearly basis and totaled €171.4 billion (PLN 717 billion) in 2015, less than expected (€177.5 billion ), according to the Export Credit Insurance Corporation (KUKE). It has lowered export growth forecasts for this year to 12.8 percent from 13.4 percent. Exports declined by 12.9 percent on a monthly basis in December and amounted to €13.5 billion, KUKE also reported, stressing that the correction is typical and due to higher sales in the September-November period. KUKE predicts that exports will rise by 8.6 percent and will total €186.1 billion this year.