EU28 Balance of Payments for January shows surplus

The EU28 seasonally adjusted current account for its balance of payments recorded a surplus of €14.3 billion in January 2016, compared with surpluses of €17 billion in December 2015 and €21.4 billion in January 2015, estimates from Eurostat showed on Monday.

In January 2016, compared with December 2015, and based on seasonally adjusted data, the surplus of the goods account grew (+€13 billion compared with +€12.1 billion) and the deficit of the secondary income account fell slightly (-€7 billion compared with -€7.3 billion).

The surplus of the services account decreased (+€11.9 billion compared with +€13.1 billion) and the deficit of the primary income account increased (-€3.7 billion compared with -€0.9 billion). The 12-month cumulated current account for the period ending in January 2016 recorded a surplus of €181.2 billion, compared with €138.2 billion for the 12 months to January 2015.
The surplus of the goods account increased (+€116.7 billion compared with +€43.8 billion) as did the surplus of the services account (+€154.8 billion compared with +€153.8 billion).
The deficit of the secondary income account increased (-€77.9 billion compared with -€76.3 billion) and the surplus of the primary income account moved into deficit (-€12.4 billion compared with +€16.9 billion).
No particular data for Cyprus was disclosed today by the statistical office of the European Union.

Source: Sigma Life

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