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For additional information relating to this article, please contact:

Doug McCann Research and Statistics Officer
Tel: 902-424-2141Email: Douglas.McCann@novascotia.ca

November 17, 2017
EURO AREA CURRENT ACCOUNT, SEPTEMBER 2017

The European Central Bank reported today, that the euro area (EA19) current account (working day and seasonally adjusted) recorded a surplus of €37.8 billion in September 2017. Surpluses in net goods trade (+€35.2 billion), net services trade (+€7.3 billion) and net primary income (+€9.7 billion) account were partially offset by a deficit in net secondary income (-€14.3 billion) account.

In the Euro Area September 2017, Exports of goods and services increased to €264.7 billion  (from €257.4 billion), while imports of goods and services increased to €222.3 billion (from €220.9 billion). As growth in exports exceeded growth in imports, the net trade surplus increased from €36.5 billion to €42.5 billion.

Sources: Eurosystem Bank | Press Release  | Database

 

 



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