OREANDA-NEWS. The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €13.1 bn in June 2016, compared with surpluses of €12.4 bn in May 2016 and €9.9 bn in June 2015, according to estimates from Eurostat, the statistical office of the European Union.

In June 2016, compared with May 2016, based on seasonally adjusted data, the surplus of the services account grew (+€12.7 bn compared with +€12.1), while the deficits of the primary income account (-€3.4 bn compared with -€4.4 bn) and secondary income account (-€6.7 bn compared with -€6.8 bn) decreased. The surplus of the goods account fell (+€10.4 bn compared with +€11.5 bn).

The 12-month cumulated current account for the period ending in June 2016 recorded a surplus of €147.7 bn, compared with €139.0 bn for the 12 months to June 2015. The surplus of the goods account for this period increased (+€132.8 bn compared with +€72.5 bn). The surplus of the services account fell (+€140.4 bn compared with +€148.3 bn), while the deficits of the primary income account (-€45.1 bn compared with -€9.0 bn) and the secondary income account (-€80.3 bn compared with -€72.7 bn) grew.