DATA SNAP: Poland Mar Curr Account -EUR539M, Above Expected

DATA SNAP: Poland Mar Curr Account -EUR539M, Above Expected

http://www.djnewswires.com/eu
Fri, May 18 2007
=========================================================
March Current Account          !                      !
          March    February  ! Consensus: -EUR484M  !
         -EUR539M  -EUR561M* ! Actual:    -EUR539M  !
Year Ago  -EUR356M  -EUR839M  !                      !
March Foreign Trade            !                      !
          March    February  ! Consensus: -EUR405M  !
         -EUR627M  -EUR201M* ! Actual:    -EUR627M  !
Year Ago  -EUR130M  -EUR229M  !                      !
*Revised 

Poland's current account posted a EUR539 million deficit in March,
exceeding expectations but lower than February's upwardly revised
EUR561 million payments gap, preliminary National Bank of Poland data
showed Friday.

Analysts had expected a EUR484 million monthly
deficit, according to the average forecast in a Dow Jones survey of
nine economists.

Compared to year-earlier figures, they suggest Poland's annualized
current account deficit edged up to about 2.4% of gross domestic
product in March from 2.3% in February.

The central bank said the country's foreign trade deficit widened to
EUR627 million in March from an upwardly revised EUR201 billion gap in
February.

The trade deficit exceeded economists' average forecast of EUR405 million.

Source:By David McQuaid Of DOW JONES NEWSWIRES,
fxstreet.com