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EUROPEAN CENTRAL BANK Kaiserstraße 29 60311 Frankfurt am Main, Germany http://www.ecb.int
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EUROPEAN CENTRAL BANK

Euro area balance of payments in March 2012

(PresseBox) (Frankfurt am Main, )
In March 2012 the seasonally adjusted current account of the euro area recorded a surplus of €9.1 billion. In the financial account, combined direct and portfolio investment recorded net outflows of €54 billion (nonseasonally adjusted).

Current account

The seasonally adjusted current account of the euro area recorded a surplus of €9.1 billion in March 2012 (see Table 1). This reflected surpluses for goods (€8.6 billion), services (€6.2 billion) and income (€3.0 billion), which were partially offset by a deficit for current transfers (€8.8 billion).

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