RTTNews - Israel recorded a current account surplus of US$2.68 billion in the first quarter, on a seasonally adjusted basis,much higher than a surplus of US$790 million in the fourth quarter and US$1.04 billion in the first quarter of last year, the Central Bureau of Statistics said. This was mainly due to a surplus in the goods and services account and a lower deficit in the income account.

During the first quarter, the goods and services account showed a surplus of US$1.5 billion, reversing from a deficit of US$556 million in the preceding quarter. At the same time, the deficit in the income account decreased to US$756 million from US$789 million in the fourth quarter. However, the surplus in the current transfers account reduced to US$1.9 billion from US$2.13 billion in the Fourth quarter.

Meanwhile, the capital account showed a surplus of US$242 million in the first quarter, up from a surplus of US$232 million in the preceding quarter.

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