Eurozone current account surplus jumps 86 percent in September

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The current account surplus of the eurozone (19 countries) jumped by 86 percent on an annual basis last September amid improved exports of services and goods.

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The European Central Bank said in a statement on Friday that the current account surplus amounted to 320 billion euros ($361.6 billion) at the end of last September, from 172 billion euros (194.3 billion dollars) a year ago.

According to the data, this increase was mainly driven by the shift in the balance of services from a deficit of 41 billion euros ($46.3 billion) in September 2020.

and to a surplus of 88 billion euros ($99.4 billion) in September 2021.

And also as a result of a large surplus in goods, which rose from 322 billion euros ($363.8 billion) in September 2020 to 350 billion euros ($395.5 billion) last September.

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On a monthly basis, the region’s net current account rose 11.7 percent, up from 17 billion euros ($19.2 billion) in August.

It reached 19 billion euros ($21.4 billion) in September.

The current account is meant the net transactions of exports and imports of goods and services and international transfers of capital.