KUKE: Exports up by 8.7% in April

Polish exports increased by 8.7 percent year-on-year and totaled €14.49 billion in April, 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 5.4 percent on a monthly basis, KUKE also reported in a press release. The value of exports denominated in the Polish currency amounted to PLN 58.312 billion in April, an increase of 7.8 percent m/m and rise of 4.6 percent y/y. KUKE predicts that exports will rise by 12.8 percent and will total €177.5 billion in 2015.