Sweden's Current Account Surplus Narrows In Q3

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Sweden's current account surplus stood at SEK 53.1 billion in the third quarter, down from the SEK 72.7 billion in the previous quarter, Statistics Sweden reported on Wednesday.

The goods trade surplus shrank to SEK 21.7 billion in the third quarter from SEK 37.8 billion in the second quarter, while the services account surplus fell to SEK 26.6 billion from SEK 27.4 billion. The surplus in the income account grew to SEK 16.2 billion from SEK 11.5 billion. On the other hand, the current transfers deficit widened to SEK 10.9 billion from SEK 3.3 billion.

The statistical agency also said that the deficit in the capital account widened to SEK 1.2 billion from SEK 0.9 billion, while that in the financial account surged to SEK 174.7 billion from SEK 124.7 billion.

Sweden's current account surplus stood at SEK 53.1 billion in the third quarter, down from the SEK 72.7 billion in the previous quarter, Statistics Sweden reported on Wednesday. (Market News Provided by RTTNews)