OREANDA-NEWS. The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €8.4 bn in July 2016, compared with surpluses of €15.2 bn in June 2016 and €10.3 bn in July 2015, according to estimates from Eurostat, the statistical office of the European Union.

In July 2016, compared with June 2016, based on seasonally adjusted data, the surplus of the goods account decreased (+€7.2 bn compared with +€12.3 bn), as did the surplus of the services account (+€10.9 bn compared with +€12.5 bn). The deficit of the primary income account grew slightly (-€3.2 bn compared with -€3.0 bn), while the deficit of the secondary income account fell (-€6.4 bn compared with -€6.6 bn).

The 12-month cumulated current account for the period ending in July 2016 recorded a surplus of €145.4 bn, compared with €140.1 bn for the 12 months to July 2015. The surplus of the goods account for the same period increased (+€129.7 bn compared with +€84.3 bn), while the surplus of the services account fell (+€139.7 bn compared with +€145.8 bn). The deficit of the primary income account grew (-€44.0 bn compared with -€16.3 bn) as did the deficit of the secondary income account (-€80.0 bn compared with -€73.7 bn).