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Euro zone current account surplus widens in November

The euro zone recorded an adjusted surplus of €32.5 billion in November
The euro zone recorded an adjusted surplus of €32.5 billion in November

The euro zone's current account surplus widened in November as export growth outpaced the rise in imports, European Central Bank data showed today. 

The currency bloc recorded an adjusted surplus of €32.5 billion in November, compared with €30.3 billion a month earlier, the data showed. 

The unadjusted surplus increased to €37.8 billion from €35.4 billion in October, the ECB said in a monthly release. 

On a cumulative basis, the euro zone's current account surplus was equal to 3.5% of its gross domestic product over the past 12 months, unchanged from the preceding year.