Current account surplus rises in September
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.