Current account in the Euro Zone moved to deficit in October

The current account of the Euro Zone moved to larger than expected deficit in October, according to official data. The current account of the region hit the deficit of EUR7.5 billion in October as compared to surplus of EUR2.2 billion in the preceding month, reported the ECB. Analysts expected the figure to achieve a deficit of EUR1.9 billion in October. The current account deficit approached to EUR58.7 billion on a yearly basis being 0.6% of the European GDP.