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Euro Zone Current Account Registers a Deficit of €15.2 Billion in Q1 |
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European Economy |
Written by CEP News |
Jul 23 08 10:45 GMT |
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(CEP News) Frankfurt - On Wednesday, Eurostat reported that the euro zone current account fell into deficit territory in the first quarter of 2008 with a reading of -€15.2 billion.
Disaggregating the data, a Eurostat press release noted that €2.9 billion more in goods came into the euro zone than left, while €10.7 billion more in services were exported from the euro zone than imported. Over the same period, the surplus in the income account fell to €6.1 billion, while the deficit in current transfers grew to €29.0 billion. By Todd Wailoo,
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, edited by Nancy Girgis,
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