Euro zone present account surplus narrows in November

FRANKFURT (Reuters) – The euro zone’s present account surplus narrowed in November on a drop within the companies surplus and decrease major revenue, which incorporates objects like wages and dividend funds, European Central Financial institution information confirmed on Friday.

The mixed present account surplus of the 20 nations sharing the euro narrowed to 26.98 billion euros ($27.8 billion)in November from 30.17 billion a month earlier primarily based on calendar and seasonally adjusted information, whereas it fell to 34.62 billion euros from 36.32 billion based on unadjusted figures.

Within the 12 months to November, the excess grew to 2.7% of the bloc’s GDP from 1.5% within the previous 12 months as each the products and companies surplus rose sharply.

($1 = 0.9710 euros)