Current Account in Eurozone

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

Eurozone - Current Account (billions of Euros)

The Eurozone economy’s soft start to the year carried over into the second quarter, with preliminary data revealing growth was unchanged at 0.4% quarter-on-quarter. The result confirmed that the economy has shifted into a lower gear after a stellar growth spell in 2017. Although a breakdown by components is not yet available, rising inflation likely took a bite out of household spending, while lower sentiment due to political and trade concerns also likely weighed on momentum. Available data for the third quarter has also been downbeat, with economic sentiment slipping in July and the composite PMI remaining broadly unchanged in August. On the political front, the European Union and the United States reached a temporary truce in their trade spat on 27 July, pledging to work together to reduce trade barriers and to refrain from issuing any new tariffs while negotiations are ongoing. However, it is uncertain if the truce will hold, as U.S. President Donald Trump threatened again to slap tariffs on EU car manufacturers on 21 August.

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 Rate1.180.65 %Sep 20
Stock Market1,188-0.52 %Sep 20

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