Greek current account surplus up to 1.6 bln in September after fourth straight rise

EconomyMacroeconomy Tags: BoG, BOP

Greece's current account (C/A) balance posted a surplus for the fourth straight month in September, reaching 1.62 billion euros, up 67.3 percent year on year (YoY), according to the Bank of Greece (BoG).

The substantial improvement mainly reflects an increase in the services’ surplus by 425 million euros, followed by lower trade deficit (by 223 million) and a rise in the current transfers’ balance (by 126 million) more than offsetting worsening income b...

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