the Bermuda Monetary Authority reported yesterday.

And the Authority's chairman pointed to the results in declaring the recession finished.

Mr. Mansfield (Jim) Brock said it was difficult to pinpoint when a recession started or finished, but "this is definitely a sign that Bermuda is coming out of the recession. I feel it definitely is ended.'' Provisional estimates showed a $41 million current account surplus for the second quarter, up from $27 million during the same period in 1992.

Increased receipts from tourism and international business were cited. Gross travel receipts increased by 14.7 percent, to $172 million from $150 million in the previous second quarter.

International business receipts jumped by 20 percent, to $102 million from $85 million.

However, exports of merchandise fell to $11 million from $30 million in last year's second quarter.

Payments for merchandise and other goods and services rose by 2.4 percent, to $295 million from $288 million last year.

The improved second quarter left Bermuda with a $2 million deficit in its current account for the year. At the same time last year, the account showed a $4 million surplus.

But the situation was much improved from the end of the first quarter of 1993, when Bermuda posted a $43-million deficit, compared to a $20-million first quarter deficit last year.

In the capital account, the Island showed a $68 million deficit for the second quarter, compared to $45 million during the same period last year.

Net long-term outflows of capital were estimated at $12 million. Short-term capital in the hands of banks recorded outflows of $53 million, while Government and the Bermuda Monetary Authority recorded a $3-million outflow of short-term capital.