Exports up by over 8% in September
NBP Data: September balance of payments showed positive balances on goods and services accounts. At the same time income and transfer accounts posted negative balances.
According to preliminary data on Poland’s balance of payments in September, released by Narodowy Bank Polski on 12 November 2013, Polish exports of goods reached nearly EUR 13.9bn, having soared by 8.1% as on September 2012. Imports of goods increased by 3.2 %. As a result, the positive balance of trade in goods amounted to EUR 673m. The balance of services also stayed in the positive territory. Credits on services (predominantly transportation) rose by 3.5% y/y, while debits related to purchase of services from abroad declined by 0.4% y/y.
September saw a negative balance of EU transfers, which amounted to EUR 131m. The negative balance on income – of EUR 1.0bn – was the decisive factor leading to a negative balance of current account. Income of foreign direct investors on their capital involvement in Polish companies amounted to almost EUR 1.2bn, and on portfolio investments – over EUR 0.8bn.
See: Balance of payments in September 2013