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September 19, 2014EU CURRENT ACCOUNT, Q2 2014 According to a first estimate released by Eurostat, the European Union (EU28) current account registered a seasonally adjusted surplus of 12.0 billion euro (0.4% of GDP) in the second quarter of 2014. This compares with a surplus of 25.2 billion euro in the first quarter of 2014 and a 47.5 billion euro surplus in the second quarter of 2013.
There were deficits in three components: balance of trade in goods(-1.5 billion euro ), balance of income (-11.9 billion euro), and current transfers (-22.3 billion euro) that were offset with surplus in the balance of trade in services (47.6 billion euro).
The Euro Area (EA18) had a 54.5 billion euro surplus in the second quarter of 2014 down from the previous quarter (55.6 billion euro) and from second quarter 2013 (61.8 billion euro). Surplus occurred for balance of trade in goods (40.3 billion euro), trade in services (31.6 billion euro), balance of income (12.5 billion euro) offsetting a deficit in current transfers (-29.9 billion euro).
Source:
Eurostat