Current account balance shows a surplus for third straight month, at 2.09 bln in August

EconomyMacroeconomy Tags: BoG, BOP

Greece's current account (C/A) balance displayed a surplus of 2.09 billion in August 2015, up by 12.5 percent from last year’s figure, Bank of Greece (BoG) data showed on Wednesday. This year’s figure indicates a C/A surplus for the third straight month.

The year on year (YoY) improvement largely stems from a drop in the goods’ (by 268 million) and primary income (by 109 million) deficits more than offsetting a decline in the services’ balance by 142 million. In addition, the secondary income account de...

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