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EURO AREA BALANCE OF PAYMENTS (March 2007)


The seasonally adjusted current account of the euro area recorded a surplus of EUR 5.4 billion in March 2007, reflecting surpluses in goods and services that were partly offset by a deficit in current transfers. In the financial account, net inflows in combined direct and portfolio investment mainly concerned net portfolio purchases of securities by non-residents.




Current account
The working day and seasonally adjusted current account of the euro area recorded a surplus of EUR 5.4 billion in March 2007 (corresponding to EUR 8.8 billion in non-seasonally adjusted terms). This reflected surpluses in goods (EUR 7.2 billion) and services (EUR 4.2 billion) that were partly counterbalanced by a deficit in current transfers (EUR 5.1 billion). The income account was balanced.

The 12-month cumulated, working day-adjusted current account up to March 2007 recorded a surplus of EUR 7.0 billion, i.e. about 0.1% of GDP, compared with a deficit of EUR 18.5 billion a year earlier. This shift resulted from a reduction in the income deficit (by EUR 14.5 billion) and rom increases in the surpluses in goods (by EUR 11.4 billion) and services (by EUR 2.0 billion), which coincided with a higher deficit in current transfers (by EUR 2.5 billion).


Suite du communiqué documents pdf ci-dessous

PRETS_07m03.pdf PRETS_07m03.pdf  (71.19 Ko)
PRETS_07m03_T1.pdf PRETS_07m03_T1.pdf  (19.83 Ko)
PRETS_07m03_T2.pdf PRETS_07m03_T2.pdf  (66.93 Ko)


Vendredi 11 Mai 2007
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