Dec 20 Reuters Greece39;s current account deficit narrowed sharply in October from a year earlier to 383 million euros 397.59 million, helped by robust tourism revenue and a further inflow of EU funds, data from the Bank of Greece showed on Friday.
The current account shortfall eased from a deficit of 1.21 billion euros in the same month a year ago.
Tourism revenue rose by nearly 20 yearonyear to 2.17 billion euros with foreign arrivals up by 8.6. This largely offset the impact of imports of goods outpacing exports.
However, in the 10 months to October, Greece recorded a current account deficit of 8 billion euros, up from a deficit of 7.8 billion euros in the same period last year.
1 0.9633 euros
Reporting by Athina Karolidou in Gdansk and Angeliki Koutantou in Athens; Editing by Susan Fenton
Source Reuters