The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €63.9 billion (1.6% of GDP) in the first quarter of 2018, down from a surplus of €68.0 billion (1.8% of GDP) in the fourth quarter of 2017 and up from a surplus of €43.9 billion (1.2% of GDP) in the first quarter of 2017.
In the first quarter of 2018 compared with the fourth quarter of 2017, based on seasonally adjusted data, the surplus of the goods account decreased (+€34.7 bn compared to +€41.1 bn), as did the surplus of the services account (+€47.5 bn compared to +€49.9 bn).
The primary income account turned from deficit into a surplus (+€2.3 bn compared to -€1.6 bn). The deficit of the secondary income account dropped (-€20.6 bn compared to -€21.5 bn), as did the deficit of the capital account (-€1.9 bn compared to -€4.2 bn).
Source: Eurostat, http://ec.europa.eu/eurostat/news/news-releases