OREANDA-NEWS. The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €9.1 billion in February 2016, compared with surpluses of €15.5 bn in January 2016 and €15.7 bn in February 2015, according to estimates from Eurostat, the statistical office of the European Union.

In February 2016, compared with January 2016, based on seasonally adjusted data, the surplus of the goods account fell (+€7.6 bn compared with +€13.4 bn) and the deficit of the secondary income account increased (-€9.3 bn compared with -€6.6 bn). The surplus of the services account grew (+€13.5 bn compared with +€11.9 bn) and the deficit of the primary income account decreased (-€2.7 bn compared with -€3.2 bn).

The 12-month cumulated current account for the period ending in February 2016 recorded a surplus of €165.7 bn, compared with €133.2 bn for the 12 months to February 2015. The surplus of the goods account increased (+€108.1 bn compared with +€44.3 bn), while the surplus of the services account fell slightly (+€155.0 bn compared with +€157.3 bn). The deficit of the secondary income account increased (-€81.2 bn compared with -€76.8 bn) and the surplus of the primary income account moved into deficit (-€16.2 bn compared with +€8.3 bn).