Translation of "courant excédent " (French → English) :

First estimate for September 2016- EU28 current account surplus €13.3 bn- €10.6 bn surplus for trade in services // Brussels, 18 November 2016

The EU28 seasonally adjusted external current account recorded a surplus of €11.7 billion in December 2015, compared with a surplus of €13.5 bn in November 2015 and a surplus of €13.7 bn in December 2014, according to estimates from Eurostat, the statistical office of the European Union.

The EU28 seasonally adjusted external current account recorded a surplus of €12.3 billion in November 2015, compared with a surplus of €13.2 bn in October 2015 and a surplus of €16.2 bn in November 2014, according to estimates from Eurostat, the statistical office of the European Union.

The EU28 seasonally adjusted external current account recorded a surplus of €12.3 billion in June 2015, compared with a surplus of €13.3 bn in May 2015 and a deficit of €2.4 bn in June 2014, according to estimates from Eurostat, the statistical office of the European Union.

The EU28 seasonally adjusted external current account recorded a surplus of €38.7 billion (1.1% of GDP) in the fourth quarter of 2014, up from a surplus of €29.9 bn (0.9% of GDP) in the third quarter of 2014 and down from a surplus of €43.0 bn (1.3% of GDP) in the fourth quarter of 2013, according to a second estimate released by Eurostat, the statistical office of the European Union.

21. WELCOMES the publication of the Commission’s analysis of large sustained current account surpluses and of the main driving forces. In this context, STRESSES the important financial and trade inter-linkages between deficit and surpluses within the euro area, and the importance of appropriate financial supervision to overcome financial market fragmentation and ensuring an adequate allocation of savings, RECALLS that unlike current account deficits, large and sustained current account surpluses do not raise concerns about the sustainability of external debt or financing capacity that affect the smooth functioning of the euro area; the ...[+++]risks of negative spill-overs for current account surpluses are therefore less pressing than for current account deficits. While it is particularly urgent for deficit countries to continuing current efforts addressing their competitiveness challenges, UNDERLINES that addressing market failures and structural reform needs, and wages growing in line with productivity in surplus countries would contribute to rebalancing within the euro area. In particular, measures aimed at improving the functioning of specific sectors, such as services, financial intermediation and other non-tradables could be considered. Finally, EMPHASISES the need to preserve the competitiveness of the EU economies vis-à-vis the rest of the world.