Financial News: Greece Current Account Swings To Surplus In January

Greece Current Account Swings To Surplus In January

03/22/2024 - 06:58:00 (RTTNews)

(RTTNews) - Greece's current account turned to a surplus in January from a year ago, mainly due to an improvement in the secondary income account, data from the Bank of Greece showed on Friday.

The current account balance of the country turned to a surplus of EUR 1.76 billion from a deficit of EUR 161.5 million in the corresponding month last year.

The visible trade deficit rose to EUR 2.69 billion from EUR 2.47 billion last year, reflecting a larger drop in exports than in imports.

Meanwhile, the surplus in the services balance rose to EUR 437.1 million from EUR 289.2 billion a year ago.

The primary income surplus shrank to EUR 412.9 million from EUR 517.0 million last year.

The secondary income balance registered a surplus of EUR 3.5 billion in January, up markedly from EUR 1.5 billion.

At the start of the year, the capital account balance showed a shortfall of EUR 166.9 million, while the financial account surplus rose to EUR 2.0 billion.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

German Companies' Price Expectations Rise Slightly - Ifo (32 min(s), 59 sec(s) ago)
(RTTNews) - More companies in Germany plan to raise prices in April and inflation is likely to rem ...Full Story»

Finland Consumers More Gloomy In April, Business Morale Weakens (44 min(s), 59 sec(s) ago)
(RTTNews) - Finland's consumers expressed a more pessimistic approach in April, survey figures ...Full Story»

Spain Inflation Rises To 3.3%, Less Than Forecast (01 hr(s), 41 min(s), 59 sec(s) ago)
(RTTNews) - Spain's consumer price inflation rose less than expected in April to the highest l ...Full Story»

Swedish Economy Contracts Further (02 hr(s), 33 min(s), 59 sec(s) ago)
(RTTNews) - Sweden's economy shrank for the fourth consecutive quarter in the three months e ...Full Story»

Dutch Producers Less Pessimistic In April (03 hr(s), 34 min(s), 59 sec(s) ago)
(RTTNews) - Confidence among manufacturers in the Netherlands remained less negative in April, dat ...Full Story»

European Economic News Preview: Germany Inflation Data Due (06 hr(s), 04 min(s), 59 sec(s) ago)
(RTTNews) - Flash inflation data from Germany and economic confidence survey results from the euro ...Full Story»

Singapore Unemployment Data Due On Monday (01 min(s), 01 sec(s) ago)
(RTTNews) - Singapore will on Monday release Q1 figures for unemployment, highlighting a light day ...Full Story»

Eurozone Consumers' 12-Month Inflation Expectations Lowest Since Dec 2021 - ECB (12 min(s), 01 sec(s) ago)
(RTTNews) - Euro area consumers' inflation expectations for the next 12 months hit their lowes ...Full Story»