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.