Poland's export drops in January - KUKE
Export insurer KUKE estimates that euro-dominated export decreased by 0.3 percent year-on-year in January and was worth € 12.2 billion. On month-on-month terms it increased by 4.4 percent.
“January probably proved very weak in terms of exports to eastern markets,” KUKE experts forecast. “The impact of this factor will also be visible in the results of first months of 2014.”
Moreover, export in PLN terms increased, 0.7 percent y/y and 4.5 percent m/m and were valued at PLN 50.9 billion.
KUKE expects Q1 export to increase by 3.1 percent y/y (in €), while for the whole year the growth should amount to 9.5 percent to €169.8 billion.
