This reflected surpluses for goods (€27.9 billion), services (€8.9 billion) and primary income (€6.3 billion), which were partly offset by a deficit for secondary income (€8.0 billion).

The 12-month cumulated current account for the period ending in February 2018 recorded a surplus of €408.1 billion (3.7% of euro area GDP), compared with €372.6 billion (3.4% of euro area GDP) in the 12 months to February 2017. This development was due to an increase in the surplus for services (from €39.1 billion to €101.9 billion), which was partially offset by decreases in the surpluses for primary income (from €115.8 billion to €94.7 billion) and goods (from €358.7 billion to €355.5 billion), as well as an increase in the deficit for secondary income (from €141.0 billion to €143.9 billion).