SKOPJE (Macedonia), August 24 (SeeNews) – Macedonia’s preliminary current account deficit narrowed to 25.09 million euro ($35.9 million) in May from a revised gap of 47.16 million euro a year earlier, central bank data indicated on Monday.
Macedonia’s revised current account deficit widened to 341.29 million euro in the first quarter of 2009 from a gap of 173 million euro a year earlier, the bank said earlier.
Details follow (in millions of euro):
| Macedonia's current account |
May'09 |
May'08 |
| Total balance |
-25.09 |
-47.16 |
| Goods |
-78.97 |
-140.58 |
| Services |
-4.48 |
-0.85 |
| Income |
-26.13 |
+3.76 |
| Current transfers |
+84.50 |
+90.51 |
| Capital and financial account |
+31.39 |
+49.48 |
| Direct investments (net) |
+31.84 |
+60.28 |
| Portfolio investments (net) |
-0.47 |
-4.17 |
| Other investments (net) |
-34.41 |
+6.15 |
| Gross reserve assets |
+34.17 |
-13.03 |
NOTE: Macedonia's central bank publishes monthly, quarterly and annual figures for the country's balance of payments. Data can be revised until included in the annual report.
($ = 0.6978 euro)