EU28 current account surplus €13.4 bn

EU28 current account surplus €13.4 bn

EU28 current account surplus €13.4 bn

The FINANCIAL -- The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €13.4 bn in April 2016, compared with surpluses of €17.6 bn in March 2016 and €13.0 bn in April 2015, according to estimates from Eurostat, the statistical office of the European Union.

In April 2016, compared with March 2016, based on seasonally adjusted data, the surplus of the goods account decreased (+€12.1 bn compared with +€15.5 bn), as did the surplus of the services account (+€10.9 bn compared with +€12.1), and the deficit of the secondary income account increased (-€8.4 bn compared with -€7.9 bn). The deficit of the primary income account decreased (-€1.2 bn compared with -€2.2 bn).

The 12-month cumulated current account for the period ending in April 2016 recorded a surplus of €177.1 bn, compared with €136.8 bn for the 12 months to April 2015. The surplus of the goods account for the same period increased (+€124.6 bn compared with +€50.7 bn), while the surplus of the services account fell slightly (+€154.3 bn compared with +€157.0 bn). The deficit of the secondary income account increased (-€85.8 bn compared with - €76.8 bn) and the surplus of the primary income account moved into deficit (-€16.0 bn compared with +€5.9 bn).

 


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