🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Euro zone current account surplus widens in October

Published 12/20/2016, 04:10 AM
Updated 12/20/2016, 04:20 AM
© Reuters.  Euro zone current account surplus widens in October

FRANKFURT (Reuters) - Investments in the euro zone dipped in October while bloc's current account surplus widened slightly, the European Central Bank said on Tuesday.

The 19-member currency bloc's seasonally and working-day adjusted current account surplus increased to 28.4 billion euros from 27.7 billion euros ($28.77 billion) in September, hovering near the same level since June.

Unadjusted direct and portfolio investments meanwhile fell to 65.1 billion euros from 79.9 billion euros with a small drop in portfolio investments accounting for all of the decline, even as direct investments rose.

For the latest 12 months, the current account surplus widened to 3.2 percent of the bloc's GDP from 3.1 percent a year earlier.

($1 = 0.9629 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.