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October 04, 2019EU AND EURO AREA BALANCE OF PAYMENTS, 2019Q2 EUROPEAN UNION
Eurostat reported today that in the European Union (EU28) in the second quarter of 2019, the current account surplus (seasonally adjusted) declined €6.6 billion to €40.9 billion.
- The goods surplus increased €15.8 billion to €32.4 billion
- The services surplus decreased €21.6 billion to €25.7 billion
- The primary income surplus declined €1.9 billion to €3.5 billion
- The secondary income deficit narrowed by €1.1 billion to €20.7 billion
The current account surplus was 1.0 per cent of nominal GDP in the second quarter, down from 1.2 per cent in the previous quarter.
EURO AREA
In the Euro Area (EA19) the current account surplus declined €38.1 billion to €57.1 billion in the second quarter of 2019.
- The goods surplus declined €6.1 billion to €79.4 billion
- Net services declined €33.7 billion to change the services surplus to a €3.7 billion deficit
- The primary income surplus declined €2.8 billion to €17.1 billion
- The secondary income deficit narrowed by €4.4 billion to €35.7 billion.
Source: Eurostat
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