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Finance

Euro zone current account surplus narrows in November

Published by Global Banking and Finance Review

Posted on January 17, 2025

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FRANKFURT (Reuters) - The euro zone's current account surplus narrowed in November on a drop in the services surplus and lower primary income, which includes items like wages and dividend payments, European Central Bank data showed on Friday.

The combined current account surplus of the 20 nations sharing the euro narrowed to 26.98 billion euros ($27.8 billion)in November from 30.17 billion a month earlier based on calendar and seasonally adjusted data, while it fell to 34.62 billion euros from 36.32 billion according to unadjusted figures.

In the 12 months to November, the surplus grew to 2.7% of the bloc's GDP from 1.5% in the preceding 12 months as both the goods and services surplus rose sharply.

($1 = 0.9710 euros)

(Reporting by Balazs Koranyi; Editing by Hugh Lawson)