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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

March 22, 2021
EURO AREA CURRENT ACCOUNT, JANUARY 2021

Month over month (Jan 2021 vs Dec 2020, seasonally adjusted)

The European Central Bank reported today that the Euro Area (EA19) current account surplus narrowed by €6.2 billion to €30.5 billion.

Exports of goods and services increased €5.3 billion to €276.2 billion. Imports of goods and services increased €3.5 billion to €225.1 billion. As a result, the net trade surplus widened by €1.8 billion to €51.1 billion.

The net goods surplus widened by €0.5 billion to €38.7 billion. Goods exports decreased €1.2 billion to €198.5 billion while goods imports decreased €1.7 billion to €159.8 billion. The net services surplus widened by €1.3 billion to €12.3 billion.

The net primary income changed from a surplus (€1,184 billion) to a deficit (-€4.041 billion). The net secondary income deficit widened by €2.8 billion to €16.6 billion.

 

 

Sources:

European Central Bank.  Press Release | Database | Selected Current Account Data 

 

 

 

 



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