Forex News: 23.03.2007 Current account of the euro area recorded a surplus of EUR 2.7bln
The working day and seasonally adjusted current account of the euro area recorded a surplus of EUR 2.7bln in January, corresponding to a deficit of EUR 6.0bln in non-seasonally adjusted terms, the European Central Bank reported today.The preceding reading of current account was revised from 2.3bln to 2.0bln. With consideration of the initial data, the analysts estimated surplus decrease in January, to 2.2bln.
Annual working day-adjusted current account was in deficit of 12.8bln, compared with 7.8bln deficit a year earlier.
Combined direct and portfolio investment recorded net inflows of EUR 34.0bln, mainly reflecting net purchases made by non-residents. In the preceding month net inflows were 7.6bln.
posted by Kalin Tasev @ 5:34 AM
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