Eurozone Current Account Deficit Narrows In October

Sponsored Links

Eurozone's working day and seasonally adjusted current account deficit narrowed to EUR 4.6 billion in October from a revised EUR 5 billion deficit in September, the European Central Bank said on Friday.

The surplus on goods trade surged to EUR 8.3 billion from EUR 3.8 billion recorded in the month of September. Moreover, the surplus on services trade increased to EUR 2.6 billion from EUR 2 billion. At the same time, the deficit on income shrank to EUR 2.2 billion from EUR 4.4 billion, while the current transfers deficit widened to EUR 13.4 billion from EUR 6.5 billion.

On an unadjusted basis, the current account balance was a deficit of EUR 3.9 billion in October, down from a revised EUR 4.7 billion shortfall in the previous month.

The capital account balance was a surplus of EUR 0.3 billion, up from EUR 0.1 billion surplus in September. The financial account surplus rose to EUR 14.4 billion in October from EUR 10.4 billion in the previous month.

Eurozone's working day and seasonally adjusted current account deficit narrowed to EUR 4.6 billion in October from a revised EUR 5 billion deficit in September, the European Central Bank said on Friday. (Market News Provided by RTTNews)