EU28 current account surplus €12.0 bn

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The FINANCIAL — The EU28 seasonally adjusted external current account recorded a surplus of €12.0 billion in July 2015, compared with a surplus of €14.6 bn in June 2015 and a surplus of €4.6 bn in July 2014, according to estimates from Eurostat, the statistical office of the European Union.

In July 2015, compared with June 2015, based on seasonally adjusted data, the surplus of the goods account decreased (+€8.7 bn compared with +€11.3 bn), as did the surplus of the services account (+€12.4 bn compared with +€14.1 bn). The deficit of the primary income account fell (-€2.4 bn compared with -€4.0 bn), while the deficit of the secondary income account remained nearly stable (-€6.7 bn compared with -€6.8 bn).

The 12-month cumulated current account for the period ending in July 2015 recorded a surplus of €138.4 billion, compared with €84.7 billion for the 12 months to July 2014. The surplus of the goods account grew (+€91.6 bn compared with +€25.0 bn) as did the surplus of the services account (+€156.8 bn compared with +€151.4 bn). The deficit of the primary income account grew (-€34.9 bn compared with -€14.7 bn), while the deficit of the secondary income account fell slightly (-€75.1 bn compared with -€77.0 bn).

 

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