Sunday, January 17We Break the News

Polish Current Account Surplus Widens Less than Expected

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Poland’s current account surplus widened to EUR 1,725 million in November of 2020 from EUR 1,182 million in the corresponding month of the previous year but below market expectations of EUR 1,950 million. The goods surplus rose to EUR 1,756 million from EUR 821 million, as exports climbed 9.5 percent while imports increased at a softer 5.3 percent. Also, the primary income deficit narrowed to EUR 1,806 million from EUR 2,100 million. On the other hand, the services surplus went down to EUR 2,353 million from EUR 2,417 million and the secondary income account posted a EUR 578 million deficit, switching from a EUR 44 million surplus.

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