Current account recorded €9 billion surplus in May 2023, up from €4 billion in previous month Current account deficit amounted to €49 billion (0.4% of euro area GDP) in 12 months to May 2023, compared with a surplus of €161 billion (1.3%) one year earlier In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €23 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €281 billion in 12 months to May 2023. The current account of the euro area recorded a surplus of €9 billion in May 2023, an increase of €5 billion ... (full story)