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Romania's c/a gap widens 56% y/y in Jan-Apr

Romania's c/a gap widens 56% y/y in Jan-Apr Gena96/Shutterstock.com

BUCHAREST (Romania), June 13 (SeeNews) - Romania's current account balance showed a deficit of 1.416 billion euro ($1.59 billion) in the first four months of 2017, compared to a deficit of 906 million euro a year earlier, the central bank said on Tuesday, citing provisional data.

The deficit in trade in goods increased by 488 million euro, the secondary income and services surpluses narrowed by 428 million euro and 38 million euro, respectively, while the deficit on primary income contracted by 444 million euro, the central bank said in a balance of payments report.

In 2016, Romania's current account deficit increased to 4.11 billion euro, from 1.94 billion euro in 2015.

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

  Jan-Apr '17 Jan-Apr '16
Current
account
-1.416 -906
- goods balance -3,125 -2,637
- services balance 2,448 2,486
- primary income -1,057 -1,501
- secondary income 318 746

($=0.8913 euro)

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