RTTN:Eurozone April Current Account Surplus Declines
The euro area current account surplus declined in April due to falling trade surplus and widening deficit on current transfers, the European Central Bank said Friday.
The current account surplus fell to seasonally adjusted EUR 19.5 billion from EUR 25.9 billion a month ago.
The surplus on trade in goods decreased to EUR 18.1 billion from EUR 22.5 billion in the previous month. Similarly, the surplus on services fell to EUR 8.2 billion from EUR 8.4 billion.
The current transfers showed a negative balance of EUR 11.3 billion compared to EUR 8.3 billion shortfall last month. However, income rose to EUR 4.4 billion from EUR 3.3 billion in March.
On an unadjusted basis, the current account surplus was EUR 15.3 billion, down from EUR 24.9 billion surplus in March.
