The seasonally adjusted current account of the euro area recorded a surplus of €0.8 billion in September 2012 (see Table 1). This reflected surpluses for goods (€4.5 billion) and services (€6.4 billion), which were partially offset by a deficit for current transfers (€10.1 billion). The income account was in balance. The 12-month cumulated seasonally adjusted current account recorded a surplus of €77.8 billion in September 2012 (around 0.8% of euro area GDP – see Table 1 and Chart 1), compared with a deficit of €7.6 billion a year earlier (around 0.1% of euro area GDP). This resulted from a shift for goods from ... (full story)