South Korea recorded a current account surplus for the 77th straight month in July...with a surplus of nearly eight-point-eight-billion U.S. dollars.
Provisional estimates released by the Bank of Korea show that's some one-and-a-half billion dollars more than the same period last year... and the highest level in ten months.
The BOK attributed this to an improved goods account balance which stood at more than 11-point-4-billion dollars in July... an 840-million dollar increase from a year earlier.
The services account deficit also decreased by around 170-million dollars on-year to around 3-point-1-billion dollars in July.