Euro zone current account surplus narrows in November

Euro zone current account surplus narrows in November

The combined current account surplus of the 20 nations sharing the euro narrowed to 26.98 billion euros ($27.8 billion)in November from 30.17 billion a month earlier based on calendar and seasonally adjusted data, while it fell to 34.62 billion euros from 36.32 billion according to unadjusted figures.

© Reuters. FILE PHOTO: A view of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. REUTERS/Jana Rodenbusch/File Photo

In the 12 months to November, the surplus grew to 2.7% of the bloc’s GDP from 1.5% in the preceding 12 months as both the goods and services surplus rose sharply.

($1 = 0.9710 euros)

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