Current Account in Eurozone

Eurozone Current Account | Economic News & Forecasts

Eurozone - Current Account

Comprehensive data confirmed that the economy stuttered again in Q4 2018, with growth barely picking up after the Q3’s weak performance. Downbeat sentiment, troubles in the manufacturing sector and the unwinding of inventories weighed on the domestic economy. While the economic backdrop remains somber in 2019—with heightened uncertainty over Brexit and tariffs on the automobile industry—recent signs have emerged of a tentative stabilization. Retail sales jumped in January and the unemployment rate held at a multi-year low, boding well for household spending. Low oil prices, meanwhile, should keep inflation and the import bill in check. Furthermore, although economic sentiment continued to fall in February, the pace of decline moderated significantly. That said, the manufacturing PMI slumped in March, suggesting that the sector is still reeling from a slowing global economy and a bruised car sector.

Eurozone - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)2.2  2.5  3.2  3.6  3.5  

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Eurozone Current Account Chart


Euro Current Account
Note: Current account balance as % of GDP.
Source: Eurostat and Met the why particular calculations.

Eurozone Facts

ValueChangeDate
Exchange Rate1.130.65 %Apr 12
Stock Market1,189-0.52 %Apr 12

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