Euro Area Current Account Surplus Jumps by €5 Billion in November

Source: European Central Bank

The euro area posted a 24 billion euros current account surplus in November last year, an increase of 5 billion euros from the previous month. DAX is up +0.23%, EURUSD is up +0.15%.

• Services surplus was recorded at 23 billion euros while goods were reported at a 16 billion euros surplus.  Secondary income had a deficit of 15 billion euros, as primary income held at par.
• In the 12 months to November 2021, the current account surplus was 320 billion euros, up 1.7% from the prior year. The surplus was 2.7% of the GDP of the euro area.
• On the financial account, residents of the euro area acquired 878 billion euros worth of non-euro area portfolio investment securities in the year to November. Non-residents acquired euro area portfolio securities amounting to 165 billion euros in the same period.
• In direct investments, residents in the euro area invested 53 billion euros in non-euro area assets in the year to November, up from net disinvestments of 45 billion euros in the prior year.
• In portfolio investments net purchases of the non-euro area equity by euro area residents rose to 405 billion euros in the year to November, up from 257 billion euros in the prior year.