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Eurozone investments rise in Dec, adjusted current account surplus narrows
[FRANKFURT] The eurozone's adjusted current account surplus narrowed slightly in December while investment inflows jumped on a big increase in portfolio investments, the European Central Bank said on Thursday.
The currency bloc's adjusted current account surplus narrowed to 25.5 billion euros in December from a revised 26.9 billion a month earlier.
Unadjusted portfolio and direct investments generated an inflow of 85.0 billion euros, up from 29.8 billion euros a month earlier.
For the latest 12 months, the current account surplus rose to 3.0 per cent of the bloc's GDP from 2.4 per cent a year earlier.