EU28 seasonally adjusted current account surplus €14.3 bnStaff writer ▼ | March 22, 2016
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €14.3 billion in January 2016.
Europe €11.9 bn surplus for trade in services
In January 2016, compared with December 2015, based on seasonally adjusted data, the surplus of the goods account grew (+€13.0 bn compared with +€12.1 bn) and the deficit of the secondary income account fell slightly (-€7.0 bn compared with -€7.3 bn).
The surplus of the services account decreased (+€11.9 bn compared with +€13.1) and the deficit of the primary income account increased (-€3.7 bn compared with -€0.9 bn).
The 12-month cumulated current account for the period ending in January 2016 recorded a surplus of €181.2 bn, compared with €138.2 bn for the 12 months to January 2015.
The surplus of the goods account increased (+€116.7 bn compared with +€43.8 bn) as did the surplus of the services account (+€154.8 bn compared with +€153.8 bn).
The deficit of the secondary income account increased (-€77.9 bn compared with -€76.3 bn) and the surplus of the primary income account moved into deficit (-€12.4 bn compared with +€16.9 bn). ■