BUSINESS

Greek current account surplus widens in June, tourism revenues rise

TAGS: Statistics, Economy

Greece's current account balance showed a larger surplus in June compared to the same month last year, on the back of a smaller  trade gap and a stronger services surplus, the Bank of Greece said on Tuesday.

Central bank data showed the surplus at 874 million euros ($967.52 million) compared to a deficit of 9 million euros in June 2018.

Tourism revenues rose to 2.62 billion euros from 2.25 billion in the same month a year earlier.

Last year Greece's current account showed a deficit of 5.3 billion euros, up by 2.1 billion year-on-year as the trade gap widened.

[Reuters]

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