Cur­rent ac­count sur­plus rises in Septem­ber

Kathimerini English - - Focus -

Greece’s cur­rent ac­count sur­plus rose in Septem­ber com­pared with the same month a year ear­lier on the back of higher ex­ports, the Bank of Greece said yes­ter­day. The data showed the sur­plus reach­ing 1.008 bil­lion euros from 904.1 mil­lion euros in Septem­ber 2015. The cen­tral bank said that to­tal ex­ports of goods and ser­vices grew by 12.6 per­cent, faster than the cor­re­spond­ing im­ports which rose by 9 per­cent. The bank also said that the deficit in the bal­ance of goods de­clined from an im­prove­ment in the oil bal­ance. In 2015 as a whole, Greece posted a cur­rent ac­count deficit of 7.5 mil­lion euros, helped by higher tourism rev­enues – its biggest for­eign cur­rency earner.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.