South Korea's August seasonally adjusted current account surplus edges down

[SEOUL] South Korea's seasonally adjusted current account surplus inched down in August to US$8.41 billion from a revised US$8.72 billion in July, central bank data showed on Friday.

Exports in August slipped 0.6 per cent to a seasonally adjusted US$45 billion while imports rose 0.9 per cent to US$35.97 billion, producing a goods account surplus of US$9.03 billion, the Bank of Korea data showed.

The July current account surplus was revised down from a preliminary US$9.49 billion.

Before adjustment for seasonal patterns, South Korea's current account surplus stood at US$8.46 billion in August.

The financial account recorded a net outflow of US$9.12 billion in August compared to a net outflow of US$10.21 billion in July.

REUTERS