OREANDA-NEWS. The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €14.3 billion in January 2016, compared with surpluses of €17.0 bn in December 2015 and €21.4 bn in January 2015, according to estimates from Eurostat, the statistical office of the European Union.

In January 2016, compared with December 2015, based on seasonally adjusted data, the surplus of the goods account grew (+€13.0 bn compared with +€12.1 bn) and the deficit of the secondary income account fell slightly (-€7.0 bn compared with -€7.3 bn). The surplus of the services account decreased (+€11.9 bn compared with +€13.1) and the deficit of the primary income account increased (-€3.7 bn compared with -€0.9 bn).

The 12-month cumulated current account for the period ending in January 2016 recorded a surplus of €181.2 bn, compared with €138.2 bn for the 12 months to January 2015. The surplus of the goods account increased (+€116.7 bn compared with +€43.8 bn) as did the surplus of the services account (+€154.8 bn compared with +€153.8 bn). The deficit of the secondary income account increased (-€77.9 bn compared with -€76.3 bn) and the surplus of the primary income account moved into deficit (-€12.4 bn compared with +€16.9 bn).