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Current account surplus widens

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13:56 CEST+02:00
Sweden's current account surplus widened 5.0 percent to 41.9 billion kronor (4.5 billion euros, 5.7 billion dollars) in the second quarter this year compared with the same period of 2005, the central bank reported Friday.

The current account is a broad measure of a country's foreign trade, covering goods and services along with certain financial transfers.

In the trade component the surplus rose to 44.3 billion kronor in the second quarter from 43.4 billion a year earlier. In services the surplus came to 19.5 billion kronor after 15.6 billion in second quarter 2005, the bank said.

Separately, the central statistics bureau said Friday that Sweden's trade surplus shrank 9.0 percent in July to 12.2 billion kronor (1.3 billion euros, 1.7 billion dollars) compared with the same month last year.

The value of Swedish exports came to 77 billion kronor while that of imports was 64.8 billion kronor for the month.

 
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