wrapper

Eurozone Current Account recorded surplus of €27.3 billion

Friday, May 20 2016
The current account of the euro area recorded a surplus of €27.3 billion in March 2016. This reflected surpluses for goods (€31.0 billion), services (€6.9 billion) and primary income (€2.3 billion), which were partly offset by a deficit in secondary income (€12.9 billion). The 12-month cumulated current account for the period ending in March 2016 recorded a surplus of €322.0 billion (3.1% of euro area GDP), compared with one of €274.5 billion (2.7% of euro area GDP) for the 12 months to March 2015. 
Separate report, on German PPI showed that in April 2016 the index of producer prices for industrial products fell by 3.1% compared with the corresponding month of the preceding year. In March 2016 the annual rate of change all over also had been –3.1%. Compared with the preceding month March 2016 the overall index rose by 0.1% in April 2016 (unchanged in March and –0.5% in February 2016). In April 2016 energy prices decreased by 8.8% compared with April 2015, prices of intermediate goods by 2.6% and prices of non-durable consumer goods by 0.4%. In contrast prices of capital goods rose by 0.6% and prices of durable consumer goods by 1.3%.
 
Euro is currently being traded few points below 1.1210 level. Pair is likely to find support around 1.1180 handle and resistance above 1.1250 level. Later today, in the US session, Existing Home Sales figures will be released.
More in this category: « Will RBA cut rates further? CBI Industrial Orders survey showed balance of -8% »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.