The euro zone's current account deficit narrowed in September as the trade deficit halved, data from the European Central Bank showed today.

Once running big surpluses, the 19-country euro zone slipped into a current account deficit this year as soaring energy prices and a weak euro pushed up its import bill.

The adjusted current account deficit narrowed to €8.1 billion in September from €26.9 billion a month earlier.

On an unadjusted basis, the bloc had a surplus of €3.8 billion after a deficit of €20.8 billion.

In the 12 months to September, the bloc's current account deficit equalled 0.4% of gross domestic product after a surplus of 2.8% in the preceding 12 months.