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
The crypto system is no longer a sideshow. Dollar stablecoins now put dollar claims into…
Women remain underrepresented in the upper ranks of academia, but evidence on the mechanisms behind…
The steady decline in the relative price of equipment has long been seen as a…
Europe exports a large surplus of savings outside the continent each year. This column argues…
The search for a European safe asset has generated no shortage of proposals, but these…
A landmark shift in the international corporate tax system is taking shape. The introduction of…