Greece’s current account surplus climbed in August from the previous year, mainly due to a decline in the deficits of the balance of goods and the primary income account, preliminary figures from the Bank of Greece showed Wednesday.
The current account surplus rose to EUR 2.1 billion in August from EUR 1.86 billion in the corresponding month last year.
The goods trade deficit narrowed to EUR 1.2 billion in August from EUR 1.5 billion a year earlier. Similarly, the deficit on services trade dropped to EUR 3.5 billion from EUR 3.6 billion.
The shortfall on primary income balance also decreased to EUR 140.5 million in August from EUR 249.8 million in the same month of the prior year. Meanwhile, secondary income deficit rose slightly to EUR 71.4 million from EUR 69.1 million.
The capital account balance turned to a surplus of EUR 5.6 million in August from a deficit of EUR 6.0 million a year ago. At the same time, the financial account surplus grew to EUR 2.2 billion from EUR 1.36 billion.
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