Growth was uneven across eurozone countries, with Germany

dpa-AFX/GNA – The euro area current account surplus declined in January, the European Central Bank said Monday.

The current account logged a surplus of 30 billion euros (35.7 billion dollars) in January, down from 37 billion euros in the previous month.

The surplus on trade in goods rose to 39 billion euros from 38 billion in December. Likewise, the surplus on services increased to 12 billion euros from 11 billion.

Primary income showed a shortfall of 4 billion euros versus a surplus of 1 billion a month ago. The deficit on secondary income widened to 17 billion euros from 14 billion.

During the twelve months to January, the current account surplus totaled 263 billion euros, equivalent to 2.3 per cent of GDP. This was up from 262 billion euros a year earlier.

The financial account surplus increased notably to 315 billion euros in January from 196 billion last year.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleGerman athletes alliance demands Tokyo Olympic clarity
Next articleGerman real estate industry hits out at Berlin’s coronavirus plan
The Ghana news Agency (GNA) was established on March 5, 1957, i.e. on the eve of Ghana's independence and charged with the "dissemination of truthful unbiased news". It was the first news agency to be established in Sub-Saharan Africa. GNA was part of a comprehensive communication policy that sought to harness the information arm of the state to build a viable, united and cohesive nation-state. GNA has therefore been operating in the unique role of mobilizing the citizens for nation building, economic and social development, national unity and integration.


Please enter your comment!
Please enter your name here