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Second estimate for the second quarter of 2014 – EU28 current account surplus €32.6 billion – €41.5 bn surplus for trade in services

Eurostat News Release: Second estimate for the second quarter of 2014 – EU28 current account surplus €32.6 billion – €41.5 bn surplus for trade in services, 30 Οκτωβρίου.

 

The EU28 seasonally adjusted external current account recorded a surplus of €32.6 billion (1.0% of GDP) in the second quarter of 2014, up from a surplus of €8.1 bn (0.2% of GDP) in the first quarter of 2014 and down from a surplus of €40.9 bn (1.3% of GDP) in the second quarter of 2013, according to a second estimate released by Eurostat, the statistical office of the European Union.

In the second quarter of 2014 compared with the first quarter of 2014, based on seasonally adjusted data, the deficits of the goods account (from -€9.4 bn to -€7.6 bn) and secondary income account (from -€19.3 bn to -€18.8 bn) both decreased, while the deficit of the primary income account moved to surplus (from -€5.9 bn to +€17.5 bn). The surplus of the services account fell slightly (from +€42.8 bn to +€41.5 bn).

BalanceofPayments