"Forget the times of your distress, but never forget what they taught you"
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Euro area balance of payments
The seasonally adjusted current account of the euro area recorded a surplus of €9.1 billion in March 2012 (see Table 1). This reflected surpluses for goods (€8.6 billion), services (€6.2 billion) and income (€3.0 billion), which were partially offset by a deficit for current transfers (€8.8 billion). Preliminary results based on monthly data for the first quarter of 2012 show a surplus of EUR 11.6 billion for the seasonally adjusted current account. The 12-month cumulated seasonally adjusted current account recorded a surplus of €9.6 billion in March 2012 (around 0.1% of euro area GDP – see Table 1 and ... (full story)
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