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Financial News: Latvia Current Account Deficit Narrows In August

Latvia Current Account Deficit Narrows In August

10/12/2017 - 07:13:00 (RTTNews)

(RTTNews) - Latvia's current account gap narrowed in August from a month earlier, figures from the Latvian Central Bank showed Thursday.

The current account deficit decreased to EUR 56 million in August from EUR 145 million in July.

In the corresponding month last year, the current account balance showed a surplus of EUR 12 million.

The deficit in goods trade narrowed to EUR 301 million in August from EUR 329 million in the prior month. At the same time, the services trade surplus rose to EUR 194 million from EUR 187 million.

The capital account surplus came in at EUR 3.0 million in August, down from EUR 33 million in July. On the other side, the financial account balance turned to a surplus of EUR 100 million from a deficit of EUR 56 million.

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