Hong Kong's current account surplus increased in the three months ended March, mainly due to the improvement of the goods balance, figures from the Census and Statistics Department showed Thursday.
The current account surplus shrank to HK$17.6 billion in the first quarter from HK$0.2 billion in the corresponding period last year. However, it was lower than previous quarter's surplus of HK$25.8 billion.
The deficit on goods trade narrowed to HK$44.5 billion in the three-month to March from HK$74.7 billion in the same period of 2015. At the same time, the services trade surplus shrank to HK$56.4 billion from HK$75.0 billion.
The capital account deficit came in at HK$72 million in the first quarter, down from HK76 million a year ago. Meanwhile, the financial account turned to a surplus of HK$10.3 billion from a deficit of HK$75.0 billion.
Hong Kong recorded a overall balance of payment surplus of HK$5.2 billion in the March quarter versus HK$97.5 billion in the fourth quarter of 2015.
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