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Main Indicator: Current Account
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| -7.3B | -0.5B | 1.5B | -0.3B | ||
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For May (s.a.)
Current Account (n.s.a.): -21.4B, pr. -9.2B (Apr), -5.7B (Mar), 8.1B (Feb) From the Release: "The working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 7.3 billion in May 2008 (corresponding to a deficit of EUR 21.4 billion in non-adjusted terms). This reflected deficits in current transfers (EUR 5.9 billion) and goods (EUR 3.3 billion), which were partly offset by a surplus in services (EUR 2.7 billion). The income account was close to balance." |
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Table of Past Data
| 10/24 | 11/22 | 12/21 | 1/29 | 2/21 | 3/26 | 4/24 | 5/28 | 6/27 | 7/24 | ||
| Actual | 3.8B | 0.6B | 1.3B | €0.7B | -10.3B | -10.6B | 4.3B | -15.3B | -0.3B | -7.3B | |
| Forecast | 2.0B | 4.0B | 1.6B | 0.2B | -0.5B | ||||||
| Previous | 1.7B | 3.8B | 1.9B | €3.1B | 2.3B | -3.5B | -7.9B | 7.5B | -13.2B | 1.5B | |
| Revised From | N/A | N/A | 0.6B | €1.3B | 0.7B | -10.3B | N/A | 4.3B | -15.3B | -0.3B | |
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| -0.3B | -13.2B | -15.3B | |||
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For April (s.a.)
Current Account (n.s.a.): -9.2B, pr. -5.7B (rev from -7.8B Mar), 8.1B (Feb)
The working day and seasonally adjusted current account of the euro area was close to balance in April 2008 (corresponding to a deficit of EUR 9.2 billion in non-adjusted terms). This reflected deficits in current transfers (EUR 7.4 billion) and income (EUR 2.1 billion), which were offset by surpluses in goods (EUR 5.9 billion) and services (EUR 3.3 billion). |
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Actual | Forecast | Previous | Revised Form | |
| -15.3B | 7.5B | 4.3B | |||
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For March (s.a.)
Current Account (n.s.a.): -7.8B, pr. 8.1B (rev from 5.0B) The Euro-zone current account showed a rather large deficit as the strehgth of the Euro weighed on goods exports. Trade in goods showed a deficit of 3.9 billion, while current transfers and income were also negative. The surplus in services shrank to 3.6 bilion from 6 billion in February. From the Release: "The working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 15.3 billion in March 2008 (corresponding to a deficit of EUR 7.8 billion in non-adjusted terms). This reflected deficits in current transfers (EUR 10.8 billion), income (EUR 4.2 billion) and goods (EUR 3.9 billion), which were only partly compensated for by a surplus in services (EUR 3.6 billion)." |
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Actual | Forecast | Previous | Revised Form | |
| 4.3B | -7.9B | N/A | |||
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For February (s.a.)
Current Account (n.s.a.): 5.0B, pr. -17.9B From the Release: "The working day and seasonally adjusted current account of the euro area recorded a surplus of EUR 4.3 billion in February 2008 (corresponding to a surplus of EUR 5.0 billion in non-seasonally adjusted terms). This reflected surpluses in goods (EUR 3.1 billion) and services (EUR 5.1 billion), which were partly compensated for by a deficit in current transfers (EUR 4.3 billion). The income account was close to balance. The 12-month cumulated, working day-adjusted current account up to February 2008 recorded a surplus of EUR 17.8 billion (about 0.2% of euro area GDP), compared with a deficit of EUR 1.1 billion a year earlier. This change resulted mainly from increases in the surpluses in goods (from EUR 24.9 billion to EUR 52.7 billion) and services (from EUR 42.6 billion to EUR 53.2 billion), which were only partly offset by a shift in the income account from a surplus (EUR 10.1 billion) to a deficit (EUR 1.1 billion) and an increase in the deficit on current transfers (from EUR 78.7 billion to EUR 87.1 billion)." |
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Actual | Forecast | Previous | Revised Form | |
| -10.6B | -3.5B | -10.3B | |||
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For January (s.a.)
Current Account (n.s.a.): -€19.1B, pr. €4.3B (rev. up from €1.9B) |
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Actual | Forecast | Previous | Revised Form | |
| -10.3B | 0.2B | 2.3B | 0.7B | ||
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For December (s.a.)
Current Account (n.s.a.): €1.9B, pr. €2.7B (rev. up from €1.0B)
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Actual | Forecast | Previous | Revised Form | |
| €0.7B | €3.1B | €1.3B | |||
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For November (seasonally adjusted)
Unadjusted Current Account: 1.0B, pr. 2.2B (Sept-r) The current account "reflected surpluses in goods (€4.8 billion), services (€3.2 billion) and income (€0.2 billion), which were offset almost in full by a deficit in current transfers (€7.5 billion)." Over the last 12 months, the s.a. current account recorded a suplus of €25.5 billion (about 0.3% of euro area GDP). |
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Actual | Forecast | Previous | Revised Form | |
| 1.3B | 1.6B | 1.9B | 0.6B | ||
| For October. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 0.6B | 4.0B | 3.8B | N/A | ||
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Seasonally Adjusted for September. Provided by Eurostat. Unadjusted Current Account: 4.4B, forecast 0.0B, pr. 1.5B, rev. from 0.7B (Aug) |
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Actual | Forecast | Previous | Revised Form | |
| 3.8B | 2.0B | 1.7B | N/A | ||
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For August. Unadjusted Current Account: 0.7B, pr. 4.8B (rev. from 3.3B) |
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