The Current Account Surplus Widened in Eurozone in September

Data from the European Central Bank revealed that the revised current account surplus of the 19-nation eurozone expanded to 25.2 billion euros in September compared to 20.9 billion euros in August, thanks to an increase in the surplus from trade in goods and services.

In the twelve months to September, the region’s current account surplus declined to 1.9% of GDP, compared to 2.3% a year ago, mostly due to a decrease in the surplus from services trade and a decrease in the flow of basic income that includes profits from foreign investments.