The Cyprus seasonally adjusted external current account recorded a deficit of 0,3 billion euros in the third quarter of 2014, compared to a balance in the second quarter of 2014 and a deficit of 0,4 billion euros in the first quarter of 2014, according to a second estimate released by Eurostat, the statistical office of the European Union.
The EU28 external current account recorded a surplus of 15,0 billion euros (0,4% of GDP), unchanged from the second quarter.
As concerns the total current account balances of the EU28 Member States based on non-seasonally adjusted data, nineteen recorded surpluses seven deficits and two were in balance in the third quarter of 2014. The highest surpluses were observed in Germany (+54,0 bn), the Netherlands (+14,7 bn), Italy (+10,4 bn), Sweden (+6,7 bn) and Denmark (+5,6 bn), and the largest defits in the United Kingdom (-39,2 bn), Belgium (-2,9 bn) and Poland (-1,8 bn).
ENDS, CYPRUS NEWS AGENCY