Continuation of Poland's current account deficit likely for August

Poland's current account balance figure is scheduled to release on 14th October.

A current account deficit of around -€1,042m is estimated for August, similarly, in the trade account, a deficit of €401m resulting from a decrease in export orders (10.8% mom), says Societe Generale. 

The EU funds inflow likely had a neutral effect, as Poland received €212m in current transfers, according to MinFin data. Going by this, there should be a deficit in the primary income account of around -€1,144m. Also, there will likely be a surplus in the services account of around €617m and a deficit of €114m in the secondary income account.