Greece October Current Account Turns To Surplus

(RTTNews) - Greece's current account showed a surplus for October versus a deficit a year ago, data from the Bank of Greece revealed Monday.

The current account logged a surplus of EUR 314 million for October, while there was a EUR 456 million deficit in the same month last year.

This improvement is mainly attributable to a decline in the deficit of the balance of goods, which offset the narrowing observed in the surplus of the services balance, resulting in an improved balance of goods and services, the bank said.

Further, improvements in the primary and secondary income accounts also contributed to the surplus.