Poland's June C/A Deficit Higher Than Expected

Poland recorded a current account deficit of 1.004 billion euros in June, higher than 889 million euros deficit in May and above the expected figure of 704 million euros deficit, according to central bank figures released Wednesday.

The trade gap amounted to 287 million euros.

Exports of goods increased by 28.6% year on year to 10.66 billion euros. The consensus forecast put export growth at 24.4%.

Imports grew by 27.8% year on year to 10.94 billion euros. The consensus forecast put import rise at 25.9%.

Poland sported a surplus on services of 300 million euros in June, a negative balance on income of 1.256 billion euros, and a positive balance on current transfers at 239 million euros.