Eurozone November current account report 19 Jan
- prev revised down from +28.4bln
- c/a NSA EUR +40.5bln vs +32.6bln prev revised down from +32.8bln
- 12-mnth C-A/GDP ratio 3.4% vs 3.1% a year ago
- combined net/direct portfolio investment outflow EUR -6.3bln vs inflow of 68.0 bln in Oct
More importantly investments in EZ down sharply in November and portfolio outflow rising and that's born out by EUR declines.
