EU28 Current Account Surplus €17.6 bn
OREANDA-NEWS. The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €17.6 billion in March 2016, compared with surpluses of €10.7 bn in February 2016 and €7.7 bn in March 2015, according to estimates from Eurostat, the statistical office of the European Union.
In March 2016, compared with February 2016, based on seasonally adjusted data, the surplus of the goods account increased (+€15.0 bn compared with +€8.7 bn) and the deficit of the secondary income account decreased (-€7.6 bn compared with -€9.1 bn). The surplus of the services account fell slightly (+€13.2 bn compared with +€13.7) and the deficit of the primary income account increased (-€3.1 bn compared with -€2.6 bn).
The 12-month cumulated current account for the period ending in March 2016 recorded a surplus of €174.5 bn, compared with €133.8 bn for the 12 months to March 2015. The surplus of the goods account for the same period increased (+€119.9 bn compared with +€44.8 bn), while the surplus of the services account remained stable (+€156.8 bn). The deficit of the secondary income account increased (-€83.8 bn compared with -€76.7 bn) and the surplus of the primary income account moved into deficit (-€18.4 bn compared with +€8.8 bn).