EU28 current account surplus €17.8 billionStaff Writer | February 18, 2017
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €17.8 bn in December 2016.
Europe The 12-month cumulated current account
In December 2016, compared with November 2016, based on seasonally adjusted data, the surplus of the goods account increased (+€12.9 bn compared with +€10.4 bn), while the surplus of the services account dropped (+€11.2 bn compared with +€12.1 bn).
The surplus of the primary income account fell (+€0.0 bn compared with +€0.4 bn) as did the deficit of the secondary income account (-€6.3 bn compared with -€6.6 bn).
The 12-month cumulated current account for the period ending in December 2016 recorded a surplus of €199.9 bn, compared with €144.1 bn for the 12 months to December 2015.
The surplus of the goods account for the same period increased (+€148.5 bn compared with +€110.9 bn) and the deficit of the primary income account decreased (-€10.0 bn compared with -€33.2 bn).
The surplus of the services account fell (+€139.9 bn compared with +€142.9 bn) and the deficit of the secondary income account grew slightly (-€78.5 bn compared with -€76.5 bn). ■