EU28 balance of payments records a surplus of 9.1 bln
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of EUR 9.1 bln in February, compared with surpluses of EUR 15.5 bln in January and EUR 15.7 bln in February 2015, according to estimates from Eurostat, the statistical office of the European Union.
In February 2016, compared with the previous month, based on seasonally adjusted data, the surplus of the goods account fell (+EUR 7.6 bln compared with +EUR 13.4 bn) and the deficit of the secondary income account increased (EUR 9.3 bln compared with -EUR 6.6 bln). The surplus of the services account grew (+EUR 13.5 bln compared with +EUR 11.9 bln) and the deficit of the primary income account decreased (-EUR 2.7 bln compared with -EUR 3.2 bln). The 12-month cumulated current account for the period ending in February recorded a surplus of EUR 165.7 bln, compared with EUR 133.2 bln for the 12 months to February 2015.
The surplus of the goods account increased (+EUR 108.1 bln compared with +EUR 44.3 bln), while the surplus of the services account fell slightly (+EUR 155.0 bln compared with +EUR 157.3 bln). The deficit of the secondary income account increased (-EUR 81.2 bln compared with -EUR 76.8 bln) and the surplus of the primary income account moved into deficit (-EUR 16.2 bln compared with +EUR 8.3 bln).