Market Updates: Eurozone Current Account Slips to 16.2B - Forex News by FX Leaders

Market Updates: Eurozone Current Account Slips to 16.2B

Posted Tuesday, February 19, 2019 by
Arslan Butt • 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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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