The euro zone's current account surplus narrowed in November on a drop in the services surplus and lower primary income, which includes items like wages and dividend payments, European Central Bank data showed today.
The combined current account surplus of the 20 nations sharing the euro narrowed to €26.98 billion in November from €30.17 billion a month earlier based on calendar and seasonally adjusted data, while it fell to €34.62 billion from €36.32 billion according to unadjusted figures.
In the 12 months to November, the surplus grew to 2.7% of the bloc's GDP from 1.5% in the preceding 12 months as both the goods and services surplus rose sharply.
