October C/A deficit drops to 351 mln, down 39.1 pct over year

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October C/A deficit drops to 351 mln, down 39.1 pct over year

EconomyMacroeconomy 20/12/2013 - 12:46 Tags: BoG, BOP

Greece's October current account (C/A) balance showed the deficit shrinking to 351 million euros from 577 million last year, according to the Bank of Greece (BoG).

The 39.1 percent year on year (yoy) drop mainly reflects an increase in the services surplus by 167 million euros, owing to higher net travel receipts, and an improvement in the balance of current transfers by 84 million.

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