External current account in EU records €39.4 billion surplus

EPA/TIM BRAKEMEIER

In the second quarter of 2013, the biggest EU27 external current account surplus was recorded with the USA (+€26.0 billion).

Eurostat also announced that in August the production in the construction sector rose by 0.5 per cent in the Euro zone and by 0.4 per cent in the EU28.


The external current account in the EU recorded a surplus of €39.4 billion in the second quarter of 2013. The current account surplus increased by €36.8 billion compared with the same period last year.

On 17 October, Eurostat announced the second estimate for EU’s external account surplus. The current account includes imports and exports in both goods and services plus all other current transfers and is considered a closely tracked indicator of the ability of a country or area to pay it...


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