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Indicator Digest

Current Account
The current account is the widest measure of a country's financial performance on an international basis because it includes investment flows as well as trade in goods and services.

Main Indicator: Current Account

Most Recent Release

May
26th, 2009
Actual Forecast Previous Revised Form
-6.5B -7.5B -7.8B -8.1B

For March (s.a.)
Provided by: European Central Bank
Official Release: Press Release

Current Account (n.s.a.): -3.5B, pr. -2.3B (Feb), -18.2B (Jan), 0.7B (Dec),
-13.9B (Nov), -4.8B (Oct), -4.2B (Sep), -6.0B (Aug), -1.1B (Jul), -1.0B (Jun),
-21.4B (May), -9.2B (Apr)

From the Release: "The working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 6.5 billion in March 2009 (corresponding to a deficit of EUR 3.5 billion in non-adjusted terms). This reflected deficits in current transfers (EUR 7.6 billion) and goods (EUR 1.6 billion), which were only partly offset by surpluses in services (EUR 2.0 billion) and income (EUR 0.8 billion)."

Table of Past Data

8/229/2410/2311/2412/231/272/243/244/235/26
Actual-8.2B-1.7B-8.4B-10.6B-6.4B-16.0B-7.3B-12.7B-8.1B-6.5B
Forecast-2.0B-6.2B-5.0B-7.4B-7.3B-8.0B-14.3B-6.7B-10.6B-7.5B
Previous-5.5B-6.1B-1.7B-5.3B-10.6B-6.4B-13.9B-7.3B-12.3B-7.8B
Revised From-7.3B-8.2BN/A-8.4BN/AN/A-16.0BN/A-12.7B-8.1B

Past Releases

April
23rd, 2009
Actual Forecast Previous Revised Form
-8.1B -10.6B -12.3B -12.7B

For February (s.a.)
Provided by: European Central Bank
Official Release: Press Release

Current Account (n.s.a.): -2.3B, pr. -18.2B (Jan), 0.7B (Dec), -13.9B (Nov),
-4.8B (Oct), -4.2B (Sep), -6.0B (Aug), -1.1B (Jul), -1.0B (Jun), -21.4B (May),
-9.2B (Apr)

March
24th, 2009
Actual Forecast Previous Revised Form
-12.7B -6.7B -7.3B N/A

For January (s.a.)
Provided by: European Central Bank
Official Release: Press Release

Current Account (n.s.a.): -18.2B, pr. 0.7B (Dec-r), -13.9B (Nov), -4.8B (Oct),
-4.2B (Sep), -6.0B (Aug), -1.1B (Jul), -1.0B (Jun), -21.4B (May), -9.2B (Apr)

February
24th, 2009
Actual Forecast Previous Revised Form
-7.3B -14.3B -13.9B -16.0B

For December (s.a.)
Provided by: European Central Bank
Official Release: Press Release

Current Account (n.s.a.): 1.4B, pr. -13.9B (Nov), -4.8B (Oct), -4.2B (Sep),
-6.0B (Aug), -1.1B (Jul), -1.0B (Jun), -21.4B (May), -9.2B (Apr)

From the Release: "In December 2008 the working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 7.3 billion. In the financial account, combined direct and portfolio investment showed net inflows of EUR 1 billion.

In 2008 as a whole, the working day-adjusted deficit on the euro area current account amounted to EUR 63.2 billion (about 0.7% of GDP), compared with a surplus of EUR 36.3 billion in 2007. Combined direct and portfolio investment recorded net inflows of EUR 128 billion in 2008, compared with net inflows of EUR 47 billion in 2007, mainly as a result of lower net purchases of foreign debt instruments by euro area residents."

 

January
27th, 2009
Actual Forecast Previous Revised Form
-16.0B -8.0B -6.4B N/A

For November (s.a.)
Provided by: European Central Bank
Official Release: Press Release

Current Account (n.s.a.): -13.9B, pr. -4.8B (Oct), pr. -4.2B (Sep),
-6.0B (Aug), -1.1B (Jul), -1.0B (Jun), -21.4B (May), -9.2B (Apr)

December
23rd, 2008
Actual Forecast Previous Revised Form
-6.4B -7.3B -10.6B N/A

For October (s.a.)
Provided by: European Central Bank

Current Account (n.s.a.): -4.8B, pr. -4.2B (rev from -6.0B, Sep),
-6.0B (Aug), -1.1B (Jul), -1.0B (Jun), -21.4B (May), -9.2B (Apr)

November
24th, 2008
Actual Forecast Previous Revised Form
-10.6B -7.4B -5.3B -8.4B

For September (s.a.)
Provided by: European Central Bank

Current Account (n.s.a.): -6.0B, pr. -6.0B (rev from -7.9B, Aug), -1.1B (Jul),
-1.0B (Jun), -21.4B (May), -9.2B (Apr)

October
23rd, 2008
Actual Forecast Previous Revised Form
-8.4B -5.0B -1.7B N/A

For August (s.a.)
Provided by: European Central Bank

Current Account (n.s.a.): -7.9B, pr. -1.1B (Jul), -1.0B (Jun), -21.4B (May), -9.2B (Apr)

September
24th, 2008
Actual Forecast Previous Revised Form
-1.7B -6.2B -6.1B -8.2B

For July (s.a.)
Provided by: European Central Bank

Current Account (n.s.a.): -1.1B, pr. -1.0B (Jun), -21.4B (May), -9.2B (Apr)

August
22nd, 2008
Actual Forecast Previous Revised Form
-8.2B -2.0B -5.5B -7.3B

For June (s.a.)
Provided by: European Central Bank
Official Release: Press Release

Current Account (n.s.a.): -1.0B, pr. -21.4B (May), -9.2B (Apr)

From the Release: "The working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 8.2 billion in June 2008 (corresponding to a deficit of EUR 1.0 billion in non-adjusted terms). This reflected deficits in current transfers (EUR 6.5 billion), goods (EUR 2.0 billion) and income (EUR 1.2 billion), which were only partly offset by a surplus in services (EUR 1.5 billion)."