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Poland’s Current-account Balance Higher Than Expected

Poland’s current-account balance higher than expected

“In October 2015 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. 

Source: www.thenews.pl

SM

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