Poland’s current account balance unexpectedly turned to a surplus in November from a deficit in the previous month, figures from the central bank showed Wednesday.
The current account showed a surplus of EUR 620 million versus a EUR 163 million deficit in October. Economists had forecast a EUR 230 million shortfall. A year ago, there was a EUR 114 million surplus.
The surplus came as the trade balances for good and services improved, the deficit in the primary income account narrowed and that in the secondary income account turned to a surplus.
The visible trade surplus rose to EUR 756 million from EUR 499 million. The surplus in the services trade climbed to EUR 797 million from EUR 725 million.
The deficit in the primary income account narrowed to EUR 1.01 billion from EUR 1.30 billion in the previous month. The balance in the secondary income turned to surplus of EUR 79 million from EUR 88 million in the previous month.
The surplus in the capital account improved to EUR 629 million from EUR 320 million and that in the financial account surged to EUR 632 million from EUR 66 million.
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