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The ZEW Indicator of Economic Sentiment for Germany improved in September

September 19, 2017 TeleTrade. Market news 0

The ZEW Indicator of Economic Sentiment for Germany improved in September 2017. Climbing 7.0 points compared to the previous month, the indicator now stands at 17.0 points. The indicator, however, still remains below the long-term average of 23.8 poin…

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The current account of the euro area recorded a surplus of €25.1 billion in July

September 19, 2017 TeleTrade. Market news 0

The current account of the euro area recorded a surplus of €25.1 billion in July 2017. This reflected surpluses for goods (€26.4 billion), primary income (€10.9 billion) and services (€2.6 billion), which were partly offset by a deficit for secondary income (€14.8 billion).

The 12-month cumulated current account for the period ending in July 2017 recorded a surplus of €333.1 billion (3.0% of euro area GDP), compared with one of €373.3 billion (3.5% of euro area GDP) for the 12 months to July 2016 (see Table 1 and Chart 1). This development was due to decreases in the surpluses for goods (from €367.2 billion to €338.6 billion) and services (from €63.4 billion to €43.3 billion), and an increase in the deficit for secondary income (from €123.2 billion to €146.5 billion). These were partly offset by an increase in the surplus for primary income (from €65.9 billion to €97.6 billion).

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