ZN.UA
Ukraine's consolidated balance of payments remained in surplus in October, amounting to $229 million, according to the November Macroeconomic and Monetary Review of the National Bank of Ukraine (NBU) published on the regulator's website.
The current account of the balance of payments in October turned to a deficit owing to the worsening of the foreign trade balance, the NBU said.
Exports decreased by 6.6% month-on-month in seasonally adjusted terms, affected by further decrease in world commodity prices, in particular, for steel products and grain. At the same time, imports gained some momentum, an 11% increase as compared to the previous month in seasonally adjusted terms, due to growth in energy supplies.
It is also reported that net inflows of $549 million were recorded in the financial account in October, mainly thanks to official financing and a decrease in foreign cash holding outside banks.
As UNIAN reported earlier, Ukraine posted a deficit of Ukraine's balance of payments in January-September 2015 at $1 million against a $4.947 billion deficit registered in the same period in 2014.
In 2014, Ukraine's balance of payments turned to a deficit of $13.307 billion against a surplus of $2.023 billion in 2013.