Forex News: 25.01.2007 Current account in the euro area showed the deficit of EUR 2.0bln in November
In November 2006 the seasonally adjusted current account of the euro area revealed the deficit of EUR 2.0bln, compared with EUR 0.4bln in the preceding month, the European Central Bank reported today.The rise of current acсount deficit was observed as deficits on current transfers ( EUR 9bln) and incomes (EUR 2.5bln) exceeded surpluses in goods (EUR 7bln) and services (EUR 2.4bln).
In non-seasonally adjusted terms, the surplus of current account in the euro area was 1.7bln.
At the annual rate the deficit of current account in the euro area was EUR 26.4bln (0.3 of GDP), compared with the surplus of EUR 5.6bln a year earlier, which is mainly connected with a decrease in goods surplus by EUR 29.1 bln.
posted by Kalin Tasev @ 9:21 AM
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