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EU current account deficit rises in 2Q
Date 12/09/2010 13:10  Author webmaster  Hits 1118  Language Global
12 SEP 2010

Xinhua

BRUSSELS, Sept. 11 (Xinhua) -- The external current account of the European Union (EU) recorded a larger deficit in the second quarter of 2010 than in the previous three months, official figures show.

In the three-month period from April to June, EU external current account recorded a deficit of 50.8 billion euros (64.6 billion U.S. dollars), according to the EU's statistics office Eurostat.

It rose from a deficit of 44.7 billion euros (56.9 billion U.S. dollars) in the second quarter of 2009 and a deficit of 34.8 billion euros (44.3 billion U.S. dollars) in the first quarter of 2010.

Meanwhile, the EU external balance of trade in services recorded a surplus of 18.6 billion euros (23.7 billion U.S. dollars) in the second quarter of 2010, compared with a surplus of 16.4 billion euros (20.9 billion U.S. dollars) in the second quarter of 2009 and a surplus of 10.8 billion euros (13.7 billion U.S. dollars) in the first quarter of 2010.

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