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EU current account surplus stands at 12 bln euros in July

Xinhua, September 19, 2015 Adjust font size:

The 28-nation European Union's (EU) seasonally-adjusted current account surplus stood at 12 billion euros (13.65 billion U.S. dollars) in July, down from 14.6 billion euros in the previous month, the EU statistical office Eurostat said on Friday.

However, the adjusted data showed the surplus of the current account rose on a year-on-year basis from 4.6 billion euros in January 2014.

Eurostat said that compared with June 2015, the surplus of its goods account decreased, as did the surplus of the services account. The deficit of the primary income account fell while the deficit of the secondary income account remained nearly stable.

Meanwhile, the 12-month accumulated current account for the period ending in July 2015 recorded a surplus of 138.4 billion euros, compared with 84.7 billion euros for the 12 months to July 2014. Endit