November current account deficit at 954 mln in November, goods balance improves
Industrial turnover increases by 12.9 pct in November
Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
Travel balance for nine-month period shows surplus of 11.57 bln
Building activity increases by 16.4 pct in October
Budget primary surplus at 1.97 bln in 2017 on strong underspend
Greece's current account in surplus for the fourth consecutive month
The August current account (C/A) balance showed a surplus for the fourth consecutive month at 1.22 billion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year on year (yoy) mainly reflects an increase in the income and current transfers’ deficits by 295 million and 249 million respectively more than offsetting a rise in the services’ surplus by 259 million.
It is reminded that July C/A balance stood on positive grounds recording a surplus of 2.7 billion, also boosted by an inflow of 1.5 billion related to SMP income accruing to the ECB and payable to Greece following a Eurogroup decision in November 2012. ...
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