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

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