The current account of the Eurozone posted a surplus of €18 billion in October in 2021, still the same as the previous month.
- Surpluses posted for goods and services were partly offset by a deficit for a secondary income, €15 billion, as the primary income remained balanced.
- In the 12 months to October this year, the current account posted a surplus of €311 billion compared with a surplus of €86 billion last year.
- The increase in current account surplus was driven by a change in the services balance from a deficit of €28 billion to a surplus of €98 billion and larger surpluses for primary income and goods.
- In the same 12 months period, Eurozone residents made net investments of €22 billion in non-eurozone assets, after net disinvestments of €75 billion last year.
Purchases of non-eurozone equity by euro area residents rose to €487B in 12 months to October, an increase from €215 billion last year.
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Source: European Central Bank