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.