Hong Kong’s current account surplus grew in the three months ended September, mainly due to an increase in the net inflow of primary income, figures from the Census and Statistics Department showed Thursday.
The current account surplus rose to HK$58.0 billion in the third quarter from HK$37.5 billion in the same period last year. During the second quarter, the surplus was HK$18.0 billion.
The goods trade deficit widened to HK$18.9 billion in the third quarter from HK$11.7 billion a year ago. At the same time, the surplus on services trade rose to HK$48.19 billion from HK$53.9 billion.
The primary income surplus climbed markedly from HK$6.1 billion to HK$28.1 billion. On the other side, the negative balance in the secondary income widened to HK$5.2 billion from HK$5.05 billion.
The capital account deficit was HK$147 million versus HK$49.0 million. At the same time, the financial account deficit rose markedly to HK$89.6 billion from HK$15.8 billion.
During the third quarter, overall balance of payments showed a surplus of HK$55.6 billion, down from HK$76.1 billion in the second quarter.
The material has been provided by InstaForex Company – www.instaforex.com
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