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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomyreflecting higher surplus of “other services,” mainly attributed to construction services. The travel...’ arrivals by 12.6 percent. Nevertheless, the corresponding travel receipts increased only marginally (0.8... extent - higher net receipts from travel and other services. The travel surplus grew 6.7 percent
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyimprovement in the travel and transport services balances. The travel services’ surplus in particular rose by 16.7 percent to 1.78 billion, mainly due to a similar increase in travel receipts, reflecting... derives from a significant improvement in both the transport and the travel services’ balances
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomytravel receipts (up 30.7 percent) on surging non-residents’ arrivals (up 53.9 percent). Following a marginal increase in October, the November travel surplus increased by 57.3 percent to 108 million... of the travel surplus by 10.7 percent to 11.4 billion. This stems from increased travel receipts (up 10.8
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomy. The improved services’ surplus by more than 10 percent is primarily led by higher travel surplus (+14.3 percent) on the back of continued double-digit improvement in travel receipts (+17 percent.... The services’ surplus was kept broadly unchanged (-0.3 percent), as higher travel surplus (+20.6 percent
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyin net sea transport receipts by almost 40 percent. Travel receipts grew by 8.3 percent to 220.6 million largely reflecting a rise in non-residents’ arrivals by 6.2 percent. However, the travel surplus slipped by 3.6 percent due to a double-digit increase in travel payments. In addition, the marked
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Newsletter 79 - 24/06/2016
billion. The latter mostly reflects lower net transport receipts, while travel figures also did not show any improvement on last year. In specific, travel receipts decreased 7 percent in April, pushing the travel surplus down by 10 percent to almost 280 million. The negative movement stems from a drop
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomylower net travel and other services receipts, while net transport receipts soared 45.1 percent on improved sea transport balance. In particular, travel receipts fell 3.5 percent to 2.85 billion euros, largely on the back of a 2 percent decrease in non-residents’ arrivals. At the same time, travel
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Newsletter 89 - 23/09/2016
to lower net travel receipts. Although C/A performance worsened in July, the aggregate figures... to lower net transport receipts, mainly attributed to capital controls. Travel receipts fell..., the corresponding payments surged 33.5 percent, dragging the travel surplus down by 5.9 percent to 2.61
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Current account surplus narrows to 1.82 bln in August
EconomyMacroeconomyimports. The decline in the services balance primarily reflects lower net travel receipts, while.... Travel receipts fell by 9.2 percent to 3.16 billion in August, despite a rise in foreign arrivals by 1.8..., the travel surplus in August retreated by 10.6 percent to 2.92 billion. BoG also said
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Current account surplus widens to 1 bln in September
EconomyMacroeconomybalance rose on the back of higher net air and sea transport receipts. Moreover, travel receipts... by 13.7 percent. At the same time, travel payments grew by 17.9 percent to 193.4 million leading the travel surplus up by 1 percent to 2.04 billion. The BoG also noted that the deterioration in the primary
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