Greece experienced an increase in its current account surplus this August compared to the same month last year, as reported by the Bank of Greece on Monday. The surplus rose to €651.3 million, up from €611.8 million. This improvement was partly due to a reduction in the visible trade deficit, which decreased to €2.67 billion from €2.96 billion, driven by a more significant drop in imports than in exports.
Furthermore, the services balance surplus saw a slight increase, reaching €4.53 billion compared to €4.51 billion last year. However, there was a widening in the primary income account deficit, which expanded to €938.8 million from €750.4 million. Additionally, the secondary income balance showed a larger deficit, recorded at €266.9 million in contrast to €186.1 million last year.
In the capital account, the surplus decreased to €11.8 million, down from €101.6 million in the previous year. Similarly, the financial account surplus saw a reduction, falling to €0.83 billion from €1.22 billion.
