Iceland's Current Account Deficit Contracts In Q3

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Iceland's current account balance logged a deficit of ISK 36 billion in the third quarter, nearly halving from the ISK 65.3 billion deficit in the previous quarter, the Sedlabanki reported on Thursday.

In the third quarter, the goods account showed a surplus of ISK 16 billion, while the services account was positive by ISK 20.8 billion. On the other hand, the income account registered a deficit of ISK 73 billion.

The central bank also said that the capital & financial account balance swung to a deficit of ISK 75.1 billion in the third quarter from a surplus of ISK 123.5 billion in the preceding quarter.

Iceland's current account balance logged a deficit of ISK 36 billion in the third quarter, nearly halving from the ISK 65.3 billion deficit in the previous quarter, the Sedlabanki reported on Thursday. (Market News Provided by RTTNews)