GUS: food exports to Spain soar

The Central Statistics Office of Poland reported on Monday that Polish exports to Spain had increased during the first six months of 2016 by 11 percent y/y, reaching PLN 2.7 billion. The result was largely due to the rise in food exports to Spain, which soared by 27 percent y/y.  The report mentioned that the increase could be partly attributed to structural reforms implemented in Spain, including changes in labor and product markets, as well as overall improvements in the Spanish economy. BZ WBK economist Marcin Luziński told the Polish press, “ I think that we will also see double-digit growth rates in the coming quarters. In my opinion, a similar rate of growth will also be seen in 2017, which will favor the demand for Polish products.”