Bermuda’s balance of payments surplus grew by 50 percent year on year to $269 million in the second quarter.

The surplus, which represents transactions between Island entities and the rest of the world, grew by $90 million compared to the same period last year.

A fall in imports meant the goods trade deficit fell by $24 million to $246 million.

The surplus in services transactions was $132 million, up $32 million compared to 2009.

Read more on this in tomorrow’s Business section