eurozone current account surplus narrows
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Eurozone current account surplus narrows

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Arab Today, arab today Eurozone current account surplus narrows

Frankfurt - AFP

The eurozone's current account surplus narrowed to 14.8 billion euros ($19.1 billion) in January from 16.0 billion euros in December, European Central Bank data showed on Wednesday. The current account on the balance of payments, which includes imports and exports in both goods and services plus all other current transfers, is a closely tracked indicator of the ability of a country or area to pay its way in the world. It is crucial for the long-term confidence of investors and trading partners. Over the 12 months to January, the current account showed a surplus of 127.1 billion euros, compared with a surplus of 14.6 billion euros a year earlier, the data showed.

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