Current account deficit at €0.2 bln

Poland’s current account deficit amounted to €0.2 billion in September 2014, the National Bank of Poland said in a data release on Thursday. In September 2013 the balance was also negative, at €0.5 billion. Exports amounted to €14.2 billion in September, 5.5 percent more than a year earlier. Imports grew by 5.8 percent to €13.6 billion. The resulting surplus on trade stood at €0.6 billion. There was a surplus on services, amounting to almost €0.4 billion. Revenue from all types of services fell by 0.2 percent year-on-year to €2.8 billion and spending on services grew by 2.4 percent y/y to more than €2.3 billion. At the same time, there was a deficit on primary revenues, amounting to €1.6 billion. It was mostly affected by a deficit on investment revenues, worth €2.1 billion.