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Euro zone current account surplus narrows in November

The euro zone had an adjusted surplus of €8.6 billion in November - its lowest level since January 2023
The euro zone had an adjusted surplus of €8.6 billion in November - its lowest level since January 2023

The euro zone's adjusted current account surplus fell to its lowest level in nearly three years in November, data from the European Central Bank showed today.

The 20-nation currency bloc had an adjusted surplus of €8.6 billion in November, its lowest level since January 2023. It had been at €26.7 billionjust a month earlier.

In the 12 months to November, the surplus declined to 1.7% of euro area GDP, down from 2.7% one year earlier.