Warning: A Dangerous Subversive: 1% of comments CoCed
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Euro area monthly balance of payments: May 2019
In May 2019 the current account of the euro area recorded a surplus of €30 billion, compared with a surplus of €22 billion in April 2019.[1] In the 12-month period to May 2019, the current account recorded a surplus of €323 billion (2.8% of euro area GDP), down from €392 billion (3.4% of euro area GDP) in the 12 months to May 2018. In the financial account, euro area residents made net acquisitions of foreign portfolio investment securities totalling €61 billion in the 12-month period to May 2019 (decreasing from €555 billion in the 12-month period to May 2018). Non-residents’ net purchases of euro area ... (full story)