Eurozone’s current account posted a surplus of €24 billion in November 2021, an increase of €5 billion from the prior month.
- Surpluses were posted for services (€23 billion) and goods (€16 billion). But they were partly offset by a deficit of secondary income (€15 billion) as primary income remained balanced.
- In the 12 months to November 2021, the current account posted a surplus of €320 billion compared with a surplus of €195 billion.
- The increase was largely attributable to a shift in the services balance from a deficit of €12 billion to a surplus of €113B and by larger surplus for primary income to €51B.
- The eurozone residents made net direct investments of €53 billion in non-euro area assets in the 12-month period to November 2021.
In portfolio investment, eurozone residents’ made purchases of non-euro area equity of €405 billion in the 12 month period to November 2021, an increase of €257 billion from the prior year.
Euro Stoxx 50 up +0.50%, EUR USD up +0.12%Source: European Central Bank