EU28 current account surplus €14.9 bn

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The FINANCIAL — The EU28 seasonally adjusted external current account recorded a surplus of €14.9 billion in April 2015, compared with a surplus of €11.0 bn in March 2015 and a surplus of €4.9 bn in April 2014, according to estimates from Eurostat, the statistical office of the European Union.

In April 2015, compared with March 2015, based on seasonally adjusted data, the surplus of the goods account grew (+€10.8 bn compared with +€4.3 bn) and the deficit of the secondary income account fell slightly (-€7.6 bn compared with -€7.8 bn). The surplus of the services account decreased (+€12.3 bn compared with +€14.0 bn) while the surplus of the primary income account moved into deficit (-€0.7 bn compared with +€0.5 bn).

The 12-month cumulated current account for the period ending in April 2015 recorded a surplus of €122.0 billion, compared with €115.7 billion for the 12 months to April 2014. The surplus of the goods account grew (+€61.3 bn compared with +€36.8 bn) and the surplus of the services account rose slightly (+€151.8 bn compared with +€150.8 bn), while the surplus of the primary income account moved into deficit (-€11.0 bn compared with +€3.1 bn) and the deficit of the secondary income account increased (-€80.1 bn compared with -€75.0 bn).

 

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