EU28 bal­ance of pay­ments records a sur­plus of 9.1 bln

Financial Mirror (Cyprus) - - FRONT PAGE -

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).

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