Eurozone posts $20.5B current account surplus in June
Surplus narrows in June versus May ($33.3B) and June 2018 ($27.8B), European Central Bank says
The European Central Bank announced that the eurozone saw a current account surplus of €18 billion ($20.5 billion) in June.
Current account surplus was €30 billion ($33.3 billion) in May and €24 billion ($27.8 billion) in June a year earlier, according to official figures.
Meanwhile, the current account posted a surplus of €318 billion ($362.5 billion) in the 12-month period to June.
The 12-month surplus also narrowed versus €391 billion ($453.5 billion) in the same period last year.
The surplus in the 12-month period was 2.7% of the eurozone's GDP, while this ratio was 3.4% in the same period in 2018.
On the financial account side, the eurozone residents' net acquisitions of foreign portfolio investment securities amounted €58 billion ($66.1 billion) in the 12-month period to June 2019, down significantly from €484 billion ($561.44 billion) in the same period previous year.
"Non-residents’ net purchases of euro area portfolio investment securities amounted to €42 billion [$47.9 billion], down from €249 billion [$288.8 billion]," the bank added.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.