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Latvia c/a switches to deficit in August

Debt

Image by Pixabay

Latvia's current account switched to a deficit of EUR 28 million in August from a EUR 1 million surplus in the corresponding month of the previous year, the country's central bank reported.

The goods account deficit widened to EUR 249 million from EUR 144 million; the services surplus was virtually unchanged at EUR 146 million from 147 million, and the secondary income surplus eased to EUR 39 million from EUR 63 million.

On the other hand, the primary income account recorded a surplus of EUR 36 million from a deficit of EUR 64 million.

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