Poland's C/A deficit in liquid years at 1.0 pct of GDP in August - MinFin
In August, Poland's current account balance measured in liquid years terms came to a deficit of 1.0 percent of GDP, the Ministry of Finance said in a report.
"Contrary to market expectations, the annual growth rate of imports turned out to be slightly higher than that of exports, breaking the positive trend of the previous two months. According to Poland's central bank in a note to the data, the largest impact on the year-on-year decline in exports was a significant drop in sales of transport equipment parts, primarily electric batteries," the report states.
"In the case of imports, the largest decline was in fuels, which was due to lower crude oil prices. The largest increase in the value of imports was in other consumer goods," it added.
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