Current account surplus widens in September

Greece’s current account surplus widened in September compared to the same month last year, boosted by higher tourism receipts, according to central bank data published on Thursday.

The surplus stood at 1.622 billion euros (2.03 billion US dollar) versus a surplus of 970 million euros in September last year.

Greece posted a current account surplus of 1.24 billion euros last year, or about 0.7 percent of gross domestic product.

It is seen posting a surplus again this year due to shrinking imports and higher tourism revenues, its biggest foreign-currency earner.

Tourism revenues rose to 2.28 billion euros in September from 2.06 billion euros in the same month in 2013. [Reuters]

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