OREANDA-NEWS. The EU28 seasonally adjusted external current account recorded a surplus of €12.3 billion in November 2015, compared with a surplus of €13.2 bn in October 2015 and a surplus of €16.2 bn in November 2014, according to estimates from Eurostat, the statistical office of the European Union.

In November 2015, compared with October 2015, based on seasonally adjusted data, the surplus of the goods account fell (+€7.4 bn compared with +€8.0 bn) and the deficits of the primary income account (-€2.4 bn compared with -€1.3 bn) and the secondary income account (-€6.5 bn compared with -€6.2 bn) increased. The surplus of the services account grew (+€13.8 bn compared with +€12.7 bn).

The 12-month cumulated current account for the period ending in November 2015 recorded a surplus of €179.5 billion, compared with €115.7 billion for the 12 months to November 2014. The surplus of the goods account increased (+€107.9 bn compared with +€29.9 bn) as did the surplus of the services account (+€156.3 bn compared with +€153.8 bn) and the deficit of the secondary income account fell slightly (-€75.1 bn compared with -€76.2 bn). The surplus of the primary income account moved into deficit (-€9.5 bn compared with +€8.3 bn).