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Eurozone Current Account a surplus of €22 billion

Friday, Jul 20 2018
Eurozone Current Account a surplus of €22 billion

In May 2018 the current account of the euro area recorded a surplus of €22 billion, compared with one of €30 billion in April 2018. In the 12-month period to May 2018, the current account recorded a surplus of €406 billion (3.6% of euro area GDP), compared with one of €360 billion (3.2% of euro area GDP) in the 12-month period to May 2017.

In the financial account, euro area residents made net acquisitions of foreign portfolio investment securities of €548 billion in the 12-month period to May 2018 (increasing from €476 billion in the 12 months to May 2017), while non-residents’ net purchases of euro area portfolio investment securities amounted to €216 billion in the 12 months to May 2018 (up from €189 billion in the 12-month period to May 2017).

More in this category: « German Producer prices in June 2018: +3.0% on June 2017 UK Public Sector Net Borrowing was £39.4 billion »

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