Poland's exports up by 10pct y/y in December - KUKE
February 7, 2014
Poland's EUR-denominated exports likely increased by 10% year on year to EUR 11.6 billion in December, on a monthly decrease of 14.7%, export insurer KUKE said on Thursday.
In zloty terms, exports amounted to PLN 48.47 billion in December, on a 12.3% annual increase and a 14.9% monthly slide, the report showed.
"The expected [monthly] reduction of exports in December is caused by seasonal factors," KUKE report reads, pointing to the fact that retail chains usually stock up for the holiday period in October. "In November and December that activity is gradually decreasing."
Poland's EUR-denominated exports in December 2013 - February 2014 should increase by 3.8% y/y, while the PLN-denominated figure should be higher by 4.4%, KUKE added.