EU-17: record current account surplus of 59,5 billion
In 4th trimester; EU-27 goes to +5,1 billion in trade
(ANSAmed) - BRUSSELS, MARCH 8 - The euro zone's balance of payments registered a record surplus of 59,5 billion euros - worth 2,5% of GDP - in the fourth trimester of 2012, the highest data since 1999, according to Eurostat. With a surplus totalling 34,1 billion, the EU-27 recorded a +5,1 billion euros in goods trade, up from the -15,6 billion recorded in the fourth trimester in 2011.
For the euro zone, data on the fourth trimester (+59,5 billion) followed the +41,0 billion surplus registered in the third trimester, the +14,9 in the second and -4,6 billion in the first. Surplus in the fourth trimester of 2011 totalled 36,6 billion.
'Italy is one of the main contributors' of the euro zone's 59,5 billion surplus, Eurostat sources said, adding that data on individual countries will be released in April. The record surplus was made up of +42,2 billion in the trade of goods, +22,1 billion in the trade of services, +12,3 billion in incomes and -17,0 billion in transfers.
As far as the balance of payments of the EU toward third countries is concerned, the 34,1 billion surplus also signalled a record high since Eurostat started collecting data in 1999.
Particularly significant was the change in the trend of trade balance of goods: -15,6 billion in the fourth trimester of 2011, -32,6 billion in the first trimester 2012, -11,1 billion in the second, -2,6 billion in the third and +5,1 in the fourth.
http://ansamed.ansa.it/ansamed/en/news/sections/economics/2013/03/08/EU-17-record-current-account-surplus-59-5-billion_8366267.html
For the euro zone, data on the fourth trimester (+59,5 billion) followed the +41,0 billion surplus registered in the third trimester, the +14,9 in the second and -4,6 billion in the first. Surplus in the fourth trimester of 2011 totalled 36,6 billion.
'Italy is one of the main contributors' of the euro zone's 59,5 billion surplus, Eurostat sources said, adding that data on individual countries will be released in April. The record surplus was made up of +42,2 billion in the trade of goods, +22,1 billion in the trade of services, +12,3 billion in incomes and -17,0 billion in transfers.
As far as the balance of payments of the EU toward third countries is concerned, the 34,1 billion surplus also signalled a record high since Eurostat started collecting data in 1999.
Particularly significant was the change in the trend of trade balance of goods: -15,6 billion in the fourth trimester of 2011, -32,6 billion in the first trimester 2012, -11,1 billion in the second, -2,6 billion in the third and +5,1 in the fourth.
http://ansamed.ansa.it/ansamed/en/news/sections/economics/2013/03/08/EU-17-record-current-account-surplus-59-5-billion_8366267.html
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