Current Account in Eurozone

Eurozone Current Account | Economic News & Forecasts

Eurozone - Current Account

Comprehensive data showed slower, but stable, growth in the Eurozone throughout the first half of the year, with second-quarter growth confirmed at a seasonally-adjusted 0.4% quarter-on-quarter. Internally, dynamics were uneven; higher inflation and weaker economic sentiment weighed on household spending, while easy credit conditions supported an upturn in fixed investment. As feared, external-sector dynamics dragged on growth as exports continued to underwhelm amid this year’s slump of global trade. Analysts expect a similar outturn for the third quarter, although available data has been noticeably weaker in recent months. In line with falling consumer sentiment, retail sales continued moderating through July. Meanwhile, lower composite PMI readings and waning industrial metrics point to slack in the economy that could be exacerbated by the pullback in global demand and uncertainty over the Eurozone’s trade relationship with the United States. In late September, the prospect of a chaotic, no-deal Brexit grew following an informal summit in Austria, in which a number of the UK’s proposals were dismissed by the bloc’s leaders as unworkable.

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

Exchange Rate1.160.65 %Oct 12
Stock Market1,119-0.52 %Oct 12

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