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In May, Greece's current account deficit edged up, compared to the same month last year because of wider trade as well as primary income gaps, as the Bank of Greece reported on Friday.
The data demonstrated that the deficit accounted for 582 million euros, compared to 457 million euros posted in May 2016. As for tourism revenues, they rallied moderately from 1.075 billion to 1.094 billion euros.
A year-on-year soar of up to 137 million euros in the deficit of the balance of Greece goods turned to be mainly attributable to a leap in the deficit of the non-crude balance of the country’s goods as the Bank of Greece informed.
Additionally, non-crude exports of goods managed to grow 15.3%, while crude exports rose 17.5% at constant prices, as the key bank told.
A 111 million euro ascend in the major income account deficit was mostly caused by lower net interest, not to mention dividend as well as revenue receipts.
In October, the United Kingdom recorded a greater budget deficit than anticipated, as follows from first borrowing figures, since finance minister Philip Hammond pledged an end to austerity was over there…
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In November, UK factory orders managed to recover, although previously in October they sagged steeply…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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