Eurozone’s Current Account Surplus Narrows to EUR30.8 Billion in October

The euro area’s current-account surplus narrowed in October to 30.8 billion euros ($36.4 billion) from an upwardly revised EUR39.2 billion in September.

The preliminary reading for September was for a surplus of EUR37.8 billion.

In the year to October, the eurozone’s cumulative surplus fell to 3.2% of gross domestic product from 3.4% a year earlier, it said.

The current-account balance is a broad measure of an economy’s international financial position. The data are adjusted for seasonal and calendar effects.
Source: Dow Jones