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Euro area monthly balance of payments: October 2023
Current account recorded €34 billion surplus in October 2023, up from €31 billion in previous month Current account surplus amounted to €218 billion (1.5% of euro area GDP) in the 12 months to October 2023, after a €56 billion deficit (0.4%) one year earlier In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €398 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €429 billion in the 12 months to October 2023. The current account of the euro area recorded a surplus of €34 billion in ... (full story)