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EU28 current account surplus €13.5bn

Staff Writer |
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €13.5 bn in August 2016, compared with surpluses of €11.3 bn in July 2016 and €8.2 bn in August 2015, according to Eurostat.

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In August 2016, compared with July 2016, based on seasonally adjusted data, the surplus of the goods account increased (+€11.7 bn compared with +€9.7 bn), as did the surplus of the services account (+€11.0 bn compared with +€10.1 bn).

The deficit of the primary income account grew slightly (-€2.3 bn compared with -€2.2 bn), as did the deficit of the secondary income account (-€6.9 bn compared with -€6.3 bn).

The 12-month cumulated current account for the period ending in August 2016 recorded a surplus of €160.5 bn, compared with €149.6 bn for the 12 months to August 2015.

The surplus of the goods account for the same period increased (+€139.3 bn compared with +€91.3 bn), while the surplus of the services account fell (+€131.7 bn compared with +€148.7 bn).

The deficit of the secondary income account grew (-€80.5 bn compared with -€74.4 bn) as did the deficit of the primary income account (-€30.0 bn compared with -€15.9 bn).


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