EU28 current account surplus €11.7 bn

1 min read

The FINANCIAL — The EU28 seasonally adjusted external current account recorded a surplus of €11.7 billion in December 2015, compared with a surplus of €13.5 bn in November 2015 and a surplus of €13.7 bn in December 2014, according to estimates from Eurostat, the statistical office of the European Union.

In December 2015, compared with November 2015, based on seasonally adjusted data, the surplus of the goods account increased slightly (+€8.3 bn compared with +€8.2 bn) and the deficit of the primary income account fell (-€0.5 bn compared with -€2.5 bn). The surplus of the services account decreased (+€11.5 bn compared with +€14.3 bn) and the deficit of the secondary income account rose (-€7.6 bn compared with -€6.6 bn).

The 12-month cumulated current account for the period ending in December 2015 recorded a surplus of €178.1 bn, compared with €119.9 bn for the 12 months to December 2014. The surplus of the goods account increased (+€110.3 bn compared with +€34.4 bn) as did the surplus of the services account (+€156.1 bn compared with +€153.7 bn). The deficit of the secondary income account increased slightly (-€77.5 bn compared with -€76.1 bn) and the surplus of the primary income account moved into deficit (-€10.8 bn compared with +€7.8 bn).

 

See also  Europharma Georgia Continues to Expand Product Range in Georgian pharmaceutical market

Leave a Reply