The euro area current account surplus rose to a three-month high in October, figures from the European Central Bank showed on Friday.
The current account surplus rose to EUR 25.7 billion in October from EUR 23.6 billion in September. The surplus hit the highest since July, when it was EUR 28.8 billion.
The increase reflects a moderate rise in services surplus and a fall in the primary income shortfall. The surplus on goods trade fell to EUR 31 billion from EUR 32 billion. Meanwhile, the surplus on services trade rose to EUR 13 billion from EUR 12 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.