EU28 current account surplus €12.5 bn

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The FINANCIAL — The EU28 seasonally adjusted external current account recorded a surplus of €12.5 billion in August 2015, compared with a surplus of €14.8 bn in July 2015 and a surplus of €3.9 bn in August 2014, according to estimates from Eurostat, the statistical office of the European Union.

In August 2015, compared with July 2015, based on seasonally adjusted data, the surplus of the goods account decreased (+€5.1 bn compared with +€8.8 bn) and the surplus of the primary income account moved into deficit (-€0.5 bn compared with +€0.1 bn). The surplus of the services account grew (+€14.1 bn compared with +€12.3 bn), while the deficit of the secondary income account fell slightly (-€6.3 bn compared with -€6.5 bn).

The 12-month cumulated current account for the period ending in August 2015 recorded a surplus of €158.1 billion, compared with €58.5 billion for the 12 months to August 2014. The deficit of the goods account moved into surplus (+€77.4 bn compared with -€24.3 bn) while the surplus of the services account increased (+€157.7 bn compared with +€152.2 bn) and the deficit of the secondary income account fell slightly (-€74.1 bn compared with -€77.1 bn). The surplus of the primary income account moved into deficit (-€2.8 bn compared with +€7.8 bn).

 

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