Eurozone current account surplus widens in September

The Eurozone’s current account surplus widened significantly in September, figures released on Thursday showed.

According to data from the European Central Bank, the current account balance, a gauge of an economy’s international position, showed a surplus of €29.4bn (£20.6bn) in September compared with €18.7bn in the previous month, marking the highest level since January.

The surplus on goods accounts rose from €22.1bn to €29.8bn, while the surplus on services remained unchanged at €4.5bn.

Meanwhile, primary income rose to €4.8bn from €3.8bn and the deficit on secondary income declined from €11.6bn to €9.8bn.

The 12-month cumulated current account surplus for the year to end of September stood at €303.5bn, amounting to 3% of the Eurozone GDP.