According to the report from the European Central Bank, in October the seasonally adjusted eurozone current account surplus amounted to 18.1 billion euro compared to 17.6 billion euro in September (revised from 18.7 billion euro). Economists had expected a surplus of 20.3 billion euro. The goods account surplus amounted to 16 billion euros in October, while the services account surplus also amounted to 16 billion euros. However, these were partly offset by a deficit for secondary income (15 billion euro).
The data also showed that from October 2020 to October 2021, the balance of payments surplus increased to 311 billion euro, which represents 2.6% of the eurozone's GDP. In the 12 months to October 2020, the balance of payments surplus was 186 billion euro. The increase was due to the transition of the balance of services from the deficit (28 billion euro) to a surplus (98 billion euro), as well as the growth of the primary income surplus (up to 53 billion euros from 35 billion euro) and a surplus of goods (from 327 billion euros to 331 billion euros). Meanwhile, the deficit of secondary income has grown to 170 billion euros from 148 billion euro.