The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €10.5 bn in May 2016, compared with surpluses of €12.9 bn in April 2016 and €9.4 bn in May 2015, according to estimates from Eurostat, the statistical office of the European Union. Though, no reference data specific to Cyprus were communicated, Eurostat branding them confidential, along with data for the Netherlands, Ireland, Austria and the United Kingdom.
According to Eurostat In May 2016, compared with April 2016, based on seasonally adjusted data, the surplus of the goods account decreased (+€11.1 bn compared with +€13.2 bn) and the deficit of the primary income account increased (-€4.4 bn compared with -€2.7 bn). The surplus of the services account grew (+€10.6 bn compared with +€9.8 bn) and the deficit of the secondary income account fell (-€6.8 bn compared with -€7.4 bn).
The 12-month accumulated current account for the period ending in May 2016 recorded a surplus of €142.1 bn, compared with €127.0 bn for the 12 months to May 2015. The surplus of the goods account for the same period increased (+€129.5 bn compared with +€51.5 bn), while the surplus of the services account fell (+€137.2 bn compared with +€149.4 bn). The deficit of the secondary income account increased (-€80.3 bn compared with -€76.7 bn) and the surplus of the primary income account moved into deficit (-€44.4 bn compared with +€2.9 bn).