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Poland’s current-account balance higher than expected

PR dla Zagranicy
Roberto Galea 14.12.2015 16:53
The current account balance of Poland in October issued by the central bank was higher than analysts had predicted.

“In October the current account of balance of payments recorded a negative balance of primary income (PLN -5.3 billion) and secondary income (PLN -0.4 billion) and positive balance of services (PLN 3.1 billion),” the National Bank of Poland wrote in a statement.

Foreign trade turnover stood at PLN 2.1 billion.

Total balance of current and capital account was in positive territory and amounted to PLN 0.9 billion.

The figures in euro were EUR -113 million in October compared to analysts’ expectations of EUR - 590 million. (rg/pk)

Source: NBP, macronext

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