• Eurozone сurrent account surplus grows in December

Market news

19 tháng 2 2020

Eurozone сurrent account surplus grows in December

According to the report from European Central Bank, in December 2019 the current account of the euro area recorded a surplus of €33 billion, compared with a surplus of €32 billion in November 2019.

According to preliminary results for 2019 as a whole, the current account recorded a surplus of €362 billion (3.1% of euro area GDP), compared with a surplus of €359 billion (3.1% of euro area GDP) in 2018.

In the financial account, euro area residents made net acquisitions of foreign portfolio investment securities totalling €343 billion in 2019 (up from €202 billion in 2018). Over the same period, non-residents made net acquisitions of euro area portfolio investment securities amounting to €352 billion (in comparison with net sales of €5 billion in 2018).

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.