Eurozone Current Account Surplus Widened in October

Data from the European Central Bank showed that the revised current account surplus of the 19 Eurozone countries widened to 26.6 billion euros in October from 25.2 billion in September thanks to a rise in the contribution of trade in goods and services.

In the twelve months to September, the bloc’s current account surplus declined to 2% of GDP from 2.3% the year before, mostly due to a lower surplus in net exports of services and a lower flow of primary income, which includes profits from foreign investment.