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20th Nov 2015 03:51Eurozone, Economic Monitor

The current account surplus in the Eurozone is well on its way to stabilising above 3% of GDP this year. The seasonally adjusted surplus rose to €29.4B in September from a revised €18.7B in August, lifted by a higher trade surplus, thanks to rebounding German exports. The services balance was unchanged at €4.5B in September, while the primary income balance edged higher to €4.8B from €4.0B. The improving external balance has been driven mostly by a surging trade surplus with the U.S. and the U.K., as our first chart shows.

trade income eurozone economy retail sales retail sales growth us uk boe exports debt yield qe interest rates qe ez consumer

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Keywords for: 20 Nov. 2015 EZ Current Account Surplus Goes from Strength to Strength

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