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Balance of payments of Luxembourg for the first half of 2017
02-10-2017 | STATEC | BCL

The Central Bank of Luxembourg and STATEC inform that, according to preliminary provisional results, the current account for the first half-year of 2017 showed a surplus of 884 million euros, compared to 1.4 billion for the same period of the previous year. During the first six months of the year, goods transactions (on a balance of payments basis: transfer of ownership between residents and non-residents with or without border crossing) resulted in a deficit of 1.7 billion euros, remaining stable compared to the first half of 2016. In fact, net exports of merchanting (up by about 200 million euros) offset the growing of the general merchandise deficit, due in particular to the acquisition of a satellite in the first quarter of 2017.