Current Account in Eurozone

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

Eurozone - Current Account (billions of Euros)

The Eurozone economy lost momentum in the third quarter, with GDP growth recording the worst result in over four years. Although a breakdown by components has not been released yet, sluggish private consumption as higher oil prices dented households’ purchasing power and weak industrial activity, partly due to one-off factors which held back automobile production, likely drove the result. While the economy is expected to bounce back somewhat in the fourth quarter, the economy has clearly entered a lower cruising speed this year. Available data for Q4 suggests that activity remained downbeat, with economic sentiment and the composite PMI both sliding in October. The political arena, meanwhile, remained turbulent. In November, the populist Italian government mostly stuck to its guns over its expansionary 2019 budget, defying calls by the European Commission to rein in spending and setting the stage for a protracted conflict with the institution. Moreover, although EU leaders and UK Prime Minister Theresa May finally struck a deal on the UK’s withdrawal from the European Union, political turmoil in the UK is casting a shadow over whether the agreement will receive the greenlight in parliament.

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

Exchange Rate1.140.65 %Dec 11
Stock Market1,043-0.52 %Dec 11

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