Greek current account deficit extends in May

Greek current account deficit extends in May

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.

Similar

Canadian CPI

Inflation data is the most important indicator that affects the central bank’s monetary policy.

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera