Euro zone investment inflows surge in December - ECB

A rainbow is seen behind European flags during a euro zone EU leaders emergency summit on the situation in Greece at the European Council headquarters in Brussels, Belgium, July 7, 2015. REUTERS/Eric Vidal

FRANKFURT (Reuters) - Investment flows into the euro zone surged in December while the 19-country bloc’s adjusted current account surplus narrowed slightly, the European Central Bank said on Friday.

Combined direct and portfolio investments rose to 121.9 billion euros (105 billion pounds) in the month, a big shift from an outflow of 13.8 billion a month earlier as direct investments nearly doubled and portfolio flows more than reversed the previous month’s outflow.

The currency union’s seasonally and working-day adjusted current account surplus meanwhile narrowed to 31 billion euros from 36.4 billion euros in November, hovering near the same level since June.

For the latest 12 months, the current account surplus widened to 3.4 percent of the bloc’s GDP from 3.1 percent a year earlier.

(Fixes typographical error in paragraph 2)

Reporting by Balazs Koranyi; Editing by Francesco Canepa