Analysts satisfied with Q1 foreign trade data

However, in złoty terms exports increased by 10.6% due to the appreciation of the złoty against the euro. Meanwhile, data on the current account balance in March released yesterday by the National Bank of Poland showed exports up by 19.1% and imports b 21.1% compared to a year ago.

"These are good figures. They show that widespread fears of a slowdown in exports following the weaker-than-expected industrial output data for March were unfounded," said Ryszard Petru, chief economist at bank BPH.

Even so, the rate of growth in imports outpaced export growth and the foreign trade and current account deficit widened as a result. (Gazeta Wyborcza, p. 34) R.M.