By Hans Bentzien
FRANKFURT (Dow Jones)–The euro area’s current account surplus fell in November. According to the European Central Bank (ECB), the seasonally adjusted active balance amounted to 25 (previous month: 32) billion euros. The trade balance showed a surplus of 33 (29) billion euros, with exports increasing to 248 (244) billion euros and imports remaining at 215 billion euros.
The balance of the services balance was positive at 21 (19) billion euros. The balance of primary income was negative at 16 (minus 2) billion euros and, as usual, that of secondary income was also negative at 13 (14) billion euros.
In the capital account there was a surplus of 344 billion euros for the twelve months up to November 2023. In the twelve months up to November 2022 it was 56 billion euros. During this period, there were net capital outflows of 93 (319) billion euros in direct investments and net capital exports of 49 (334) billion euros in portfolio investments. A net inflow of 46 (348) billion euros was received through shares. There was a net capital export of 95 (14) billion euros in bonds.
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DJG/hab/apo
(END) Dow Jones Newswires
January 18, 2024 04:09 ET (09:09 GMT)