Hong Kong's current account balance turned to a surplus in the three months ended June from deficit in the previous year, mainly due to improvement of the goods balance, figures from the Census and Statistics Department showed Monday.
The current account balance showed a surplus of HK$1.5 billion in the second quarter against a deficit of HK$9.5 billion in the corresponding month last year. In the first quarter, the shortfall was HK$0.91 billion.
The goods trade deficit narrowed to HK$74.9 billion in the three-month period to June from HK$85.0 billion a year earlier.
The surplus on services trade broadly unchanged in the second quarter and came in at HK$52.06 billion, down slightly from HK$52.41 billion last year.
The capital account balance also turned to surplus of HK$176 million in the June quarter versus HK$168 million deficit in the same period of the prior year. Meanwhile, the financial account deficit widened to HK$28.7 billion from HK$11.8 billion.
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