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

January 19, 2018
EURO AREA CURRENT ACCOUNT, NOVEMBER 2017

The European Central Bank reported today, that the euro area (EA19) current account (working day and seasonally adjusted) recorded a surplus of €32.5 billion in November 2017. There was a surplus in net goods trade (+€31.1 billion), net services trade (+€4.5 billion) and net primary income (+€10.5 billion) account that were partially offset by a deficit in net secondary income (-€13.6 billion) account.

In the Euro Area November 2017, Exports of goods and services increased to €264.2 billion  (from €256.7 billion), while imports of goods and services increased to €228.6 billion (from €223.5 billion). As growth in exports exceeded growth in imports the net trade surplus incresaed from €33.5 billion to €35.6 billion.

Sources: Eurosystem Bank | Press Release  | Database

 

 



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