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Romania's c/a deficit widens 24% y/y in Jan-July

Romania's c/a deficit widens 24% y/y in Jan-July Bragin Alexey/Shutterstock.com

BUCHAREST (Romania), September 13 (SeeNews) - Romania current account balance showed a deficit of 6.025 billion euro ($6.942 billion) in the first seven months of 2019, compared to a gap of 4.859 billion euro in the same period of last year, the central bank said on Friday, citing provisional data.

The deficit on trade in goods widened by 2.069 million euro, the surplus on services income increased by 436 million euro, the deficit of the primary income balance narrowed by 720 million euro, and the surplus of the secondary income balance decreased by 253 million euro.

Romania's current account balance showed a deficit of 9.416 billion euro in 2018, compared to a gap of 5.970 billion euro a year earlier.

Details on Romania's current account balance follow (in millions of euro):

  Jan-July '19 Jan-July '18
Current
account
-6,025 -4,859
- goods balance -4,360 -2,727
- services balance 5,086 4,650
- primary income -2,602 -3,322
- secondary income 793 1,033

($= 0.9067 euro)

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