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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

April 20, 2018
EURO AREA CURRENT ACCOUNT, FEBRUARY 2018

The European Central Bank reported yesterday that the euro area (EA19) current account (working day and seasonally adjusted) recorded a surplus of €35.1 billion in February 2018. There were surpluses in net goods trade (+€27.9 billion), net services trade (+€8.9 billion) and net primary income (+€6.3 billion) account that were partially offset by a deficit in net secondary income (-€8.0 billion) account.

In the Euro Area February 2018, exports of goods and services decreased to €265.5 billion, and imports of goods and services decreased to €228.7 billion. With exports declining more than imports, the net trade surplus decreased to €36.8 billion.

Sources: European Central Bank:  Press Release  | Database



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