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Romania's c/a deficit widens 38.5% y/y in Jan-Apr

Romania's c/a deficit widens 38.5% y/y in Jan-Apr Euro. Author: etftrends. LicenseL all rights reserved.

BUCHAREST (Romania), June 13 (SeeNews) - Romania current account balance showed a deficit of 2.306 billion euro ($2.603 billion) in the first four months of 2019, compared to a gap of 1.665 billion euro in the same period of last year, the central bank said on Thursday, citing provisional data.

The deficit on trade in goods widened by 1.273 billion euro, the surplus on services income decreased by 34 million euro, the primary income balance decreased by 817 million euro, and the surplus of the secondary income balance decreased by 151 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-Apr '19 Jan-Apr '18
Current
account
-2,306 -1,665
- goods balance -4,926 -3,653
- services balance 2,559 2,593
- primary income -362 -1,179
- secondary income 423 574

($= 0.8858 euro)

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