LISBON: Portugal's current account surplus rose 92 percent to almost 1.2 billion euros ($1.39 billion) in the first 11 months of last year, even as its overall trade surplus shrank 29 percent, the Bank of Portugal said on Thursday.
Portugal, which exited an international bailout in May, had a surplus of nearly 2.4 billion euros in the combined balance of trade in goods and services in the period, but that was lower than a year earlier as the goods-only deficit increased by about 17 percent, the data showed.
The surplus in services edged up just over 1 percent.
Portugal in 2013 posted its first full-year current account surplus in two decades. But export growth has slowed since, while imports grew amid an economic recovery. Portugal's economy is expected to have grown last year after three straight years of recession.
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