Bank of Greece: Current account balance shows surplus in January-August

Greece’s current account balance showed a surplus in the January-August period compared with a deficit in the corresponding period in 2016, the Bank of Greece said on Monday.

The central bank, in a report, said that the current account balance showed a surplus of 123 million euros in the eight-month period from a deficit of 211 million last year, reflecting an improvement in the balance of services and the balances of primary and secondary incomes, which more than covered an increase in the deficit of the balance of goods.

Exports of goods, excluding fuel, grew by 9.1 pct in current prices and by 6.2 pct in fixed prices in the eight-month period. The travel balance showed that arrivals of foreign travellers grew 9.9 pct and receipts were up 9.1 pct in the January-August period, while receipts from transport services grew 18.1 pct.

The total balance of current accounts and capital recorded a surplus of 498 million euros, up 71 million compared with the same period in 2016.