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Financial News: Hong Kong Current Account Surplus Shrinks In Q2

Hong Kong Current Account Surplus Shrinks In Q2

09/21/2018 - 05:39:00 (RTTNews)

(RTTNews) - Hong Kong's current account surplus decreased in the June quarter from a year ago, figures from the Census and Statistics Department showed Friday.

The current account surplus fell to HK$15.7 billion in the second quarter from HK$19.1 billion in the same period last year. The surplus also decreased from HK$16.6 billion in the first quarter.

The goods trade deficit widened to HK$91.8 billion in the second quarter from HK$67.7 billion a year ago. At the same time, the surplus on services trade rose to HK$56.2 billion from HK$41.1 billion.

The primary income surplus climbed from HK$50.42 billion to HK$56.59 billion. On the other side, the negative balance in the secondary income widened to HK$5.3 billion from HK$4.9 billion.

The capital account deficit was HK$838 million versus HK$74.0 million. At the same time, the financial account deficit narrowed slightly to HK$45.03 billion from HK$45.45 billion.

During the second quarter, overall balance of payment showed a shortfall of HK$48.5 billion versus a surplus of HK$76.1 billion in the same period of 2017.

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