The current account surplus falls in the European Union. In fact, the surplus recorded in the third quarter of 2013 was 31,4 billion euro, down compared to the 46,3 billion recorded in the second quarter and the 33,1 billion in the same period of the previous year. This is revealed by the Eurostat estimate, adjusted for seasonal effects.
In comparison with the previous quarter, the surplus in the goods account decreased from 9,7 billion to 0,1 billion, as well as that in the income account, decreased from 16,4 billion to 9,4 billion. The surplus in the services account, on the other hand, increased slightly from 39,7 billion to 40,8 billion, while the deficit in the transfer account recorded a marginal decrease from 19,4 billion to 18,9 billion.
As regards external accounts, the EU recorded a surplus with the USA (32,8 billion), Switzerland (13,3 billion), Brazil (8,8 billion), Hong Kong (6,7 billion), Canada (4,9 billion) and India (0,5 billion), and a deficit with China (25,7 billion), Russia (11,1 billion) and Japan (2,5 billion)
The largest surplus is that reported by Germany, at 44,4 billion, while the largest deficit is that of the United Kingdom, -31,5 billion. Italy reported a surplus of 5,5 billion euros.
