South Korea March adjusted current account surplus falls vs Feb

South Korea March adjusted current account surplus falls vs February

South Korea's current account surplus fell in March after hitting a record high in February on a seasonally adjusted basis, but remained at a high level on lower costs for importing oil, central bank data showed on Monday. 

PHOTO: BLOOMBERG

4 May8:02 AM

[SEOUL] South Korea's current account surplus fell in March after hitting a record high in February on a seasonally adjusted basis, but remained at a high level on lower costs for importing oil, central bank data showed on Monday.

The current account surplus in March fell to a preliminary US$9.32 billion from a revised US$10.77 billion in February, the Bank of Korea data showed. It was still higher than an average surplus of US$7.92 billion for the past one year.

In the financial account, Asia's fourth-largest economy saw a net outflow of US$11.02 billion in March, sharply up from an outflow of US$5.54 billion in February, the data showed.

REUTERS