Euro zone current account surplus narrows in March


FE Team | Published: May 18, 2018 15:13:04


A containership is loaded at a terminal at the harbour in Hamburg, late March 30, 2011. Reuters/File Photo

The euro zone’s current account surplus with the rest of the world narrowed a touch in April, despite a small rise in the trade surplus, adjusted data from the European Central Bank showed on Friday.

The bloc of 19 countries using the euro recorded a working day and seasonally adjusted surplus of 32.0 billion euros in March, down from 36.8 billion euros a month before.

Still, the surplus over the past 12 months increased to 3.6 per cent of the bloc’s gross domestic product from 3.5 per cent a year earlier, Reuters reported.

Based on unadjusted data, the current account surplus widened to 40.6 billion euros in March from 24.2 billion euros in February.

Share if you like