• Prior revised to 24.8bn
  • SA 18.7bn vs 13.1bn prior. Revised to 18.6bn
  • Net investment flows -17.3bn vs +13.9bn prior. Revised to +26.2bn

Investment flows have cratered since the +70.6bn in May and highlights the lack of confidence in Europe. Better news on the surplus though, not that the euro cares as it hovers about around the lows at 1.2885. Is it really good news or are we just seeing the effects of the fall in the currency?

Eurozone current account balance 19 09 2014

Eurozone current account balance 19 09 2014