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Solid surplus on the balance of payments
Af Sofie Kaae
09-07-2010
10:49
New data from Statistics Denmark show that the balance of payments reached a surplus of DKK 6.7 billion in May. This is below the May result, however, which showed a historically record current account surplus of DKK 9 billion.
Thus the last three months have shown an increasing balance of payments surplus, as the total surplus increased by DKK 7.0 billion for goods and by DKk 9.2 billion for services. The result for salaries and investment income showed a decrease of DKK 6.8 billion compared to the same period last year.
The May surplus is constituted by a surplus on goods of DKK 2.8 billion and on services of DKK 4.4 billion, while the surplus on salaries and investment income was DKk 1.8 billion.
»We have now run a historically solid surplus on the balance of payments for a long time,« chief analyst Jakob Legård Jakobsen at Nykredit wrote.
Thus the last three months have shown an increasing balance of payments surplus, as the total surplus increased by DKK 7.0 billion for goods and by DKk 9.2 billion for services. The result for salaries and investment income showed a decrease of DKK 6.8 billion compared to the same period last year.
The May surplus is constituted by a surplus on goods of DKK 2.8 billion and on services of DKK 4.4 billion, while the surplus on salaries and investment income was DKk 1.8 billion.
»We have now run a historically solid surplus on the balance of payments for a long time,« chief analyst Jakob Legård Jakobsen at Nykredit wrote.
*****||*****Solid surplus on the balance of payments*****||*****New data from Statistics Denmark show that the balance of payments reached a surplus of DKK 6.7 billion in May. This is below the May result, however, which showed a historically record current account surplus of DKK 9 billion.
Thus the last three months have shown an increasing balance of payments surplus, as the total surplus increased by DKK 7.0 billion for goods and by DKk 9.2 billion for services. The result for salaries and investment income showed a decrease of DKK 6.8 billion compared to the same period last year.*****||*****
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