Business

Euro zone current account surplus widens

 The current account surplus of the 20-nation euro zone widened in September, data from the European Central Bank showed on Tuesday.

The surplus has been on a widening trend for years as industrial exports, primarily from Germany, far outweigh a hefty import bill for natural resources, including oil and gas.

Based on seasonally and calendar adjusted figures, the surplus grew to 37.00 billion euros in September from 35.43 billion euros in August while the unadjusted figure showed a rise to 51.46 billion euros from 38.82 billion euros.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Trump’s mortgage-backed bond purchases not moving needle on housing costs

Experts say $200bln bond-buying effort unlikely to significantly lower housing costs.  There's scant evidence so…

1 day ago

Trump tariff shift calms European bond market

That has helped ⁠at least to put a floor under euro zone bond prices. Euro…

1 day ago

Vision 2030 projects may drive corporate loans by Saudi banks to $75bln in 2026

Bank profitability will remain strong this year despite lower interest rates, says S&P. Saudi banks…

1 day ago

Europe’s emissions trading system is an ally, not an enemy, of industrial competitiveness

The 2026 review of the EU ETS must be anchored in facts and focus on…

1 day ago

How the Fed makes decisions: Disagreement, beliefs, and the power of the Chair

Federal Open Market Committee statements typically sound unanimous, but the Committee’s internal debates rarely are.…

1 day ago

Femicides, anti-violence centres, and policy targeting

Local responses to gender-based violence, with femicide as its most extreme form, remain uneven across…

1 day ago