According to the report from the European Central Bank, in September, the eurozone's balance of payments surplus rose to 18.7 billion. euro compared to 17.1 billion . euro in August. Experts expected the surplus to decrease to 16.2 billion. The data also showed that surpluses were recorded for goods (16 billion euro), services (10 billion euro) and primary income (7 billion euro).
For the period from September 2020 to September 2021, the balance of payments surplus amounted to 320 billion. euro, which is equivalent to 2.7% of the eurozone's GDP. In September 2020, the surplus was 172 billion. euro. The latest increase was due to a switch in the services balance from a deficit of 41 billion. euro to a surplus of 88 billion euros and also by larger surpluses for goods (increase from 322 billion euros to 350 billion euro)
As for the financial account, in 12 months to September 2021, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled 969 billion euro and non-residents’ net acquisitions of euro area portfolio investment securities totalled 91 billion euro.