The Eurozone returned surplus in November


The European Central Bank issued data on Thursday, that the Eurozone is back to recording a surplus in the current account balance in November, supported by an improvement in the activity of goods and services.

The region recorded a revised surplus of 13.6 billion Euros after a deficit of 0.5 billion Euro in the previous month, and this is likely due to falling energy prices, which reduced the cost of imports.

The Eurozone has been achieving large current account surpluses for years, but the rise in energy costs last year pushed it into a rare deficit, and the trend seems to be back towards recording surpluses on a monthly basis.

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