Euro zone swings back to current account surplus in Nov | Inquirer Business

Euro zone swings back to current account surplus in Nov

/ 05:41 PM January 19, 2023

FRANKFURT  – The euro zone swung back to a current account surplus in November on an improved balance in the trade of goods and services, European Central Bank data showed on Thursday.

The euro zone recorded an adjusted current surplus of 13.6 billion euros after a 0.5 billion deficit a month earlier, mostly likely as moderating energy prices curtailed the cost of imports.

The euro zone ran large current account surpluses for years but a surge in energy costs last year pushed it into a rare deficit, even if that trend has now appeared to shift back towards monthly surpluses.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Current account surplus, ECB, euro zone

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.