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EU28 current account surplus €16.1 billion

Staff Writer |
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €16.1 bn in October 2016.

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This compares with surpluses of €17.4 bn in September 2016 and €7.3 bn in October 2015, according to Eurostat.

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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