Spain Current-Account Surplus Grows on Investment Inflows

Spain’s current-account surplus grew in November, and foreign investment almost tripled as the euro region’s debt crisis eased.

The November surplus amounted to 1.8 billion euros ($2.44 billion), compared with 865 million euros in October and a deficit of 3.9 billion euros the same month a year earlier, the Bank of Spain said. That narrowed the shortfall for the first 11 months of 2012 to 13.1 billion euros from 33.6 billion euros in 2011.