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7 months ago
CORRECTED-Greek current account swings into deficit in October
December 21, 2016 / 9:54 AM / 7 months ago

CORRECTED-Greek current account swings into deficit in October

2 Min Read

(Corrects 2015 figure in paragraph 3 and adds revised data from
Bank of Greece in table)
    ATHENS, Dec 21 (Reuters) - Greece's current account posted a
deficit in October compared to a surplus in the same month a
year earlier, the Bank of Greece said on Wednesday.
    The data showed the deficit reached 198 million euros from a
surplus of 265 million euros in October 2015. Tourism revenues
rose to 1.03 billion euros from 899 million euros in the same
month a year earlier.
    In 2015 as a whole, Greece posted a current account surplus
of 205.8 million euros, helped by higher tourism revenues - its
biggest foreign currency earner.
    
*************************************************************
CURRENT ACCOUNT (bln euros)       2016*         2015*
    January                      -0.771       -0.257
    February                     -0.828       -1.431
    March                        -0.772       -1.455
    April                        -0.872       -1.014
    May                          -0.457       -0.116
    June                         +0.910       +0.533
    July                         +1.356       +2.531
    August                       +1.727       +2.200
    September                    +0.928       +0.904
    October                      -0.198       +0.265
    ------------------------------------------------
    source: Bank of Greece
*Indicates revised data

 (Reporting by Karolina Tagaris)

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