Eurozone current account surplus hits US$11.5 bil. in August: ECB
October 20, 2012, 12:06 am TWN
FRANKFURT -- The eurozone's current account surplus grew to 8.8 billion euros (US$11.5 billion) in August from 8.1 billion euros the previous month, European Central Bank data showed on Friday.
The current account on the balance of payments, which includes imports and exports in both goods and services plus all other current transfers, is a closely tracked indicator of the ability of a country or area to pay its way in the world. It is crucial for the long-term confidence of investors and trading partners.