Euro area current account surplus at €31.0 bn in December
Euro area’s current account surplus shrunk to €31.0 billion in December from €36.4 billion in the month before that, the European Central Bank (ECB) said on Friday.
December’s surplus was driven by a surge in goods to €31.7 billion, primary income increase to €5.3 billion, and a rise in services to €4.6 billion. The deficit for secondary income of €10.6 billion partially offset those gains.
On the annual basis, cumulated current account for the period ended in December this year saw a surplus of €364.7 billion, or 3.4% of euro area gross domestic product. This is up from €319.3 billion recorded a year earlier, as surpluses for all components increased over the period.