Current Account in Eurozone

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

Eurozone - Current Account (billions of Euros)

Detailed data confirmed that broad-based malaise drove the Eurozone economy to slow notably in the third quarter, with growth recording the softest reading in four years. Notably, export growth contracted amid cooling global trade, while the industrial sector was also hurt as the automobile sector was disrupted by new emissions tests. Available data for the fourth quarter points to mixed momentum. In October, industrial production rebounded and the unemployment rate was stable. However, sentiment slid in November and the composite PMI plunged to a four-year low in December. In the political arena, European leaders agreed to make a common-budget for the Eurozone on 14 December, accepting a slimmed-down version of an idea touted by French President Emmanuel Macron. The budget would be used to spur investment and reduce economic disparity among economies and is a sign of renewed life in Eurozone reforms. Most of the difficult decisions regarding the budget, including its size, have yet to be agreed upon and a proper proposal is expected in June. The budget could face lengthy negotiations to pass given the differing views among heads of states over the matter.

Eurozone - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)221  250  340  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 FocusEconomics calculations.

Eurozone Facts

Exchange Rate1.140.65 %Jan 16
Stock Market1,067-0.52 %Jan 16

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