Wednesday, November 18, 2009

The current account deficit of balance of payments euro area has exceeded forecasts for September

In September this year the balance of payments deficit with the euro-zone seasonally adjusted amounted to 5.4 billion euros (equivalent to a deficit of 5.0 billion euros excluding seasonal and calendar factors), said the European Central Bank. However analysts predicted a positive balance of payments at the level of 0,6 billion euros.
On an annual basis, taking into account factors consecutive current account deficit of balance of payments for September totaled 91.6 billion euros (about 1,0% of GDP), compared with a deficit of 105.9 billion euros a year earlier.
The total inflow of direct and portfolio investment in the euro area without taking into account seasonal variations for September amounted to 28 billion euros, compared with 46 billion euros in August.

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