Data published by the European Central Bank showed that in November, the eurozone's current account surplus increased by 5 billion euro compared to October, and amounted to 24 billion euro. The surplus was recorded in the services sector (23 billion euros) and the goods sector (16 billion euros), while the deficit of secondary income amounted to 15 billion euros.
The ECB also reported that over the past 12 months (through November), the current account surplus amounted to 320 billion euros (2.7% of eurozone GDP). A year earlier, the surplus was 195 billion euros (1.7% of eurozone GDP). The increase was due to the surplus of the balance of services (113 billion euro compared to a deficit of 12 billion. euro for the 12 months up to November 2020). The primary income surplus also increased to 51 billion from 33 billion euros in the 12 months to November 2020). Meanwhile, the surplus for goods decreased to 321 billion euros from 332 billion euro.
The data also showed that over the last 12 months (through November) euro area residents' net acquisitions of non-euro area portfolio investment securities totalled €878 billion and non-residents' net acquisitions of euro area portfolio investment securities totalled €165 billion.