EU Current Account Surplus Rose to EUR 33.4B in Q4 (FXE)

The EU28 seasonally adjusted external current account recorded a surplus of €33.4 billion in the fourth quarter of 2014, compared with surpluses of €15.1 bn in the third quarter of 2014 and of €29.9 bn in the fourth quarter of 2013, according to first estimates3 from Eurostat, the statistical office of the European Union.

In the fourth quarter of 2014, compared with the third quarter of 2014, based on seasonally adjusted data, the balance of the goods account moved into surplus (from -€6.5 bn to +€12.4 bn) and the surplus of the services account increased (from +€37.9 bn to +€40.7 bn). The deficit of the secondary income account improved (from -€18.8 bn to -€17.4 bn). The surplus of the primary income account turned into a deficit (from +€2.5 bn to -€2.3 bn).

*** The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
Up to 31 December 2014 the euro area (EA18) included Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. From 1 January 2015 the euro area (EA19) also includes Lithuania. Data on EA19 will be available with the second release for Q1 2015.

You May Also Be Interested In

• Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
• Texas Stock Exchange wins first primary listings with TCBI’s ETFs
• Goldman Sachs closes short THB/INR trade for small gain