Current Account in Eurozone

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

Eurozone - Current Account (billions of Euros)

Flash estimates revealed that growth surpassed expectations in the first quarter of the year, reviving after last year’s sharp slowdown. Although a breakdown by components is not yet available, solid household spending likely supported the result as consumers benefitted from a tightening labor market. In addition, a relatively mild winter may have bolstered the construction sector, while the manufacturing sector is expected to have improved somewhat as one-off issues fade. That said, monthly data still points to soft activity overall and it remains to be seen if momentum will keep pace in Q2. Economic sentiment dropped for the 10th consecutive month in April and the composite PMI continued to point to a two-speed economy in May. Meanwhile, the European parliamentary elections revealed increasing divisions within the union. The vote suggests that the European project will likely remain stuck: with little appetite to move forward or backwards with integration and reforms.

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

ValueChangeDate
Exchange Rate1.130.65 %Jun 13
Stock Market1,159-0.52 %Jun 13

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