The euro area’s current account recorded a surplus of €19 billion in September 2021, an increase of €2 billion from the prior month.
- Surpluses were posted for goods at €16 billion, services at €10 billion, and primary income at €7 billion. But, the surpluses were offset by a deficit for secondary income at €15 billion.
- Annually, the Eurozone’s current account surplus increased significantly to €320 billion compared to €172 billion in September 2020.
- That increase was largely driven by a shift in the services balance from a deficit of €41 billion increasing to a surplus of €88 billion and higher surpluses for goods and primary income.
- Eurozone residents made investments of €35 billion in non-eurozone assets in the last year, after disinvestments of €115 billion in the last 12 months.
Eurozone investors increased purchases of equity to €516 billion in the last 12 months compared to €198 billion posted in the same period last year.
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Source: European Central Bank