SKOPJE (Macedonia), September 11 (SeeNews) – Macedonia’s preliminary current account deficit halved to 106.08 million euro ($154.9 million) in the second quarter of 2009 from a revised gap of 210.14 million euro a year earlier, central bank data indicated on Friday.
In June alone, the preliminary current account deficit was slashed to 19.21 million euro from a revised gap of 100.96 million euro a year earlier, the bank said.
Macedonia’s revised current account deficit widened to 329.23 million euro in the first quarter of 2009 from a gap of 173 million euro a year earlier, the central bank said earlier.
Details follow (in millions of euro):
Macedonia's current account |
Q2'09 |
Q2'08 |
Total balance |
-106.08 |
-210.14 |
Goods |
-333.16 |
-460.31 |
Services |
-2.30 |
-8.90 |
Income |
-31.19 |
0 |
Current transfers |
+260.57 |
+259.07 |
Capital and financial account |
+124.39 |
+219.49 |
Direct investments (net) |
+69.37 |
+128.42 |
Portfolio investments (net) |
-12.39 |
-11.15 |
Other investments (net) |
+13.43 |
+128.49 |
Gross reserve assets |
+52.24 |
-23.54 |
NOTE: Macedonia's central bank publishes monthly, quarterly and annual figures for the country's balance of payments. Data can be revised until it is included in the annual report.
($ = 0.6846 euro)