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    Home » Euro Area Posts Current Account Surplus of €24 Billion in November
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    Euro Area Posts Current Account Surplus of €24 Billion in November

    January 19, 20221 Min Read
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    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

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