articles | 14 January 2015

Cyprus records €0,3 b deficit in Q3 2014

The Cyprus seasonally adjusted external current account recorded a deficit of €0,3 billion in Q3 2014, compared to a balance in the second quarter of 2014 and a deficit of €0,4 billion 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 (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.

Source: Famagusta Gazette

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