Thursday, April 24, 2014   

Euro zone current account widens
(12-19 18:23)

The euro zone's current account surplus grew to 21.8 billion euros in October from 14.9 billion euros in September, European Central Bank data show.
The current account on the balance of payments, which includes payments for imports and exports of 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, and an important factor in the value of a currency, on the foreign exchange market.
Over the 12 months to October, the current account showed a surplus of 208.3 billion euros, compared with a surplus of 109.8 billion euros a year earlier, the data showed.—AFP
   
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