Report

CA swings to much better-than-expected EUR 990mn surplus in Dec

- Print is much better than consensus expectation for EUR 521mn deficit
- CA swings to surplus from EUR 1.5bn deficit the year before
- Trade balance swings sharply to EUR 224mn surplus from EUR 1.3bn deficit the year before
- Services surplus rises to EUR 2.0bn from EUR 1.7bn the year before
- Primary income deficit narrows to EUR 1.3bn from EUR 1.6bn a year earlier
- Twelve-month CA surplus rises to 1.1% of GDP at end-2019, we calculate
Provider
CEEMarketWatch
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