The FINANCIAL — The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €16.1 bn in October 2016, compared with surpluses of €17.4 bn in September 2016 and €7.3 bn in October 2015, according to estimates from Eurostat, the statistical office of the European Union.
In October 2016, compared with September 2016, based on seasonally adjusted data, the surplus of the goods account decreased (+€9.5 bn compared with +€13.4 bn) and the deficit of the secondary income account grew slightly (-€6.4 bn compared with -€6.0 bn). The surplus of the services account increased (+€13.4 bn compared with +€12.1 bn) and the deficit of the primary income account fell (-€0.5 bn compared with -€2.1 bn).
The 12-month cumulated current account for the period ending in October 2016 recorded a surplus of €175.9 bn, compared with €147.8 bn for the 12 months to October 2015. The surplus of the goods account for the same period increased (+€147.0 bn compared with +€99.8 bn), while the surplus of the services account fell (+€138.7 bn compared with +€143.4 bn). The deficit of the secondary income account increased (-€79.2 bn compared with -€74.9 bn), as did the deficit of the primary income account (-€30.6 bn compared with -€20.4 bn).
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