Current Account in Eurozone

Eurozone Current Account (EUR bn) | Economic News & Forecasts

Eurozone - Current Account (billions of Euros)

The economy likely stayed in a soft patch in the first quarter, plagued by problems in the manufacturing sector and a weaker external backdrop. Economic sentiment fell throughout Q1, recording the worst reading in over two years in March, while declining export orders alongside transitory issues caused industrial output to drop in February and kept the manufacturing PMI in contractionary territory in March. That said, a solid labor market should continue to keep activity in the black. Leading data for Q2 has so far been lackluster, with the composite PMI falling in April. Moreover, on the political front, uncertainty continues to reign. While the EU recently approved an extension to the UK’s exit date, questions linger over if and when Brexit will occur and what it will entail. Meanwhile, on 15 April, the EU approved a mandate to open trade talks with the U.S. amid ongoing threats of tariffs from its largest trading partner.

Eurozone - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)221  250  311  388  388  

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Eurozone Current Account (EUR bn) Chart


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

Eurozone Facts

ValueChangeDate
Exchange Rate1.120.65 %May 13
Stock Market1,141-0.52 %May 13

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