Eurozone current account surplus shrinks

Posted on November 18, 2016

The eurozone’s current account surplus shrank to its lowest level in almost a year in September, but remained strong at more than 3 per cent of economic output on an annual basis.

The current account balance combines the sum of the currency bloc’s trade balance, net income from abroad and current transfers.

The bloc’s monthly current account surplus shrunk to €25.3bn in September, from €29.7bn the previous month.

On an annual basis, the 12-month cumulative surplus equated to 3.2 per cent of GDP compared to 3.1 per cent in the 12 months to September 2015, driven mainly by an increase in the area’s trade surplus.

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