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Balance of Payments in September 2012

Date: 12-11-2012

NBP data: In September 2012, Polish exports shrank by 0.3% on September 2011, with imports contracting by 3%. The negative balance on the current account amounted to EUR 1.1 bn and was more than EUR 400 m lower than a year ago.

On 12 November, the National Bank of Poland released preliminary data on Poland's balance of payments in September 2012. The release puts exports at EUR 12.6 bn (a decrease of 0.3% y/y) and imports at nearly EUR 12.5 bn (a decline of 3.0% y/y). The resulting balance of trade in goods was positive and stood at EUR 84 m (an improvement of EUR 352 m on September 2011)

Credits on the service account increased by 10.1% on September 2011 and debits by 7.7%, rendering a surplus of EUR 338 million.

The deficit on the income account stood at EUR 1.5 bn in September 2012. This was close to the figure recorded in the corresponding month of 2011. The September 2012 balance of income was the combined effect of a surplus on employee compensation (of EUR 146 m) and a deficit on investment income (of EUR 1.7 bn)

Foreign investment in Poland saw a positive balance of nearly EUR 3.6 bn. Polish investment abroad also rose, by almost EUR 2.6 bn.

- See: September 2012 balance of payments

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Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa
Poland

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