Hong Kong’s current account surplus increased in the three months ended September from a year ago, mainly due to improvement of the goods balance, figures from the Census and Statistics Department showed Monday.
The current account surplus rose to HK$48.4 billion in the third quarter from HK$35.0 billion in the corresponding month last year. In the second quarter, the surplus was HK$2.0 billion.
The goods trade deficit narrowed notably to HK$463 million in the September quarter from HK$24.0 billion a year earlier. At the same time, the surplus on services trade shrank to HK$51.4 billion from HK$57.1 billion.
The deficit on capital and financial account fell markedly to HK$19.7 billion in the three-month period to September from HK57.2 billion in the same period last year.
The material has been provided by InstaForex Company – www.instaforex.com