KUKE: Exports grow slightly in April. Forecast for 2017 increased

Euro-denominated exports in April increased by 3 percent y/y to €15.53 billion, the Export Credit Insurance Corporation (KUKE). Compared to March, the value of exported goods and services contracted by 12.7 percent. For Q2, KUKE forecasts a 7.2 percent increase in euro-denominated exports. KUKE forecasts a 10 percent increase in euro-denominated exports for this, up by 2 percent compared to last month’s projection. While in 2018, the exports should increase by 8.4 percent.