
26/05/2023
⚖️💶 The Portuguese economy posted an external surplus of €996 million euros in the first quarter, compared to a deficit of €1.54 billion in the same period last year, the Bank of Portugal said on Monday.
In March, the current and capital account balance was €515 million, which means €1.241 billion more than in the same month of 2022.
According to the central bank, the balance of goods and services became surplus in March, having recorded a balance of €164 million. 📈
💪 Contributing to this was the €319 million reduction in the goods balance deficit to €1.823 million due to the growth of exports, of €911 million, higher than that of imports, of €592 million (up 14.2% and 6.9%, respectively), as well as the increase in the services balance surplus, from €688 million to €1.986 million (increase in exports and imports of services by 31.1% and 14.0%, respectively).