Poland's C/A deficit up in August reports central bank

Rafał Guz/PAP

Poland's current account deficit rose to EUR 3.97 billion at the end of August 2022, against a revised deficit of EUR 1.89 billion recorded at the end of July, according to central bank figures released on Friday.

Market analysts expected the deficit to amount to between EUR 0.22 billion and EUR 2.1 billion with the median forecast standing at EUR 1.55 billion.

Poland recorded an EUR 2.93-billion deficit in the trade of goods in August, with a EUR 2.16-billion surplus in services.

The country recorded a EUR 3.07-billion deficit in primary income and a EUR 128-million deficit in secondary income.

Exports of goods in August 2022 grew by 24.8 percent year on year, and imports rose by 28.2 percent from August 2021.