Eurozone’s current account posts $38.5B surplus in September

Figure driven by surpluses in goods, services, primary income; secondary income running at deficit

By Emir Yildirim

ISTANBUL (AA) - The eurozone’s current account posted a €37 billion ($38.5 billion) surplus in September, the European Central Bank (ECB) said Thursday.

The figure was up from $35 billion in August.

It was driven by surpluses in goods at €33 billion, services with €16 billion and primary income of €2 billion. Secondary income ran a €14 billion deficit.

In the 12 months to September, the euro area’s current account surplus totaled €425 billion, accounting for 2.8% of the region’s gross domestic product (GDP) -- up 1.3% year-on-year.

At the same time, the euro area’s financial account showed that residents’ net acquisitions of non-eurozone portfolio investment securities reached €551 billion, while non-residents’ net purchases of euro area equity totaled €686 billion.

Kaynak:

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