Market Updates: Eurozone Current Account Slips to 16.2B
Current account of the euro area recorded a surplus of €16 billion for December 2018, compared with a surplus of €23 billion beforehand.
Arslan Butt•Tuesday, February 19, 2019•1 min read
According to the European Central Bank, the current account of the Euro area recorded a surplus of €16 billion for December 2018, compared with a surplus of €23 billion in November 2018.
As per preliminary results for 2018 as a whole, the current account recorded a surplus of €343 billion (3.0% of Euro area GDP), compared with one of €362 billion (3.2% of Euro area GDP) in 2017.
In the financial account, Euro area residents made net acquisitions of foreign portfolio investment securities worth €107 billion in 2018 (decreasing from €641 billion in 2017).
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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