Eurozone Current Account Surplus Narrows
The eurozone's current account surplus narrowed to 13.9 billion euros ($18.5 billion) in December from 15.9 billion euros in November, European Central Bank data showed on Monday.
The current account on the balance of payments, which includes imports and exports in both goods and services plus all other current transfers, is a closely tracked indicator of the ability of a country or area to pay its way in the world.
It is crucial for the long-term confidence of investors and trading partners.
Over the whole of 2012, the current account showed a surplus of 116.1 billion euros, compared with a surplus of 8.9 billion euros a year earlier, the data showed.
Source: Agence France Presse
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://www.naharnet.com/stories/en/72352 |