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MW: Euro-zone current account falls from record high
 
By Todd Buell
The euro zone's current account surplus fell from a record high at the end of 2013, data from the European Central Bank showed Tuesday.

The current account balance, a broad measure of an economy's international financial position, decreased in adjusted terms to a surplus of 21.3 billion euros ($29.2 billion) in December from a downwardly revised EUR23.3 billion in November, which was an all-time high.

The bloc's surplus in the trade of goods declined to EUR14.9 billion from EUR18.7 billion in November. In December the surplus in services declined to EUR8.7 billion from EUR9.4 billion.

For the full year, the adjusted current account surplus was EUR221.3 billion compared with EUR128.6 billion in 2012.

The larger current account surplus likely reflects efforts made by some euro-zone countries to rebalance their economies toward exports and away from imports.

Write to Todd Buell at todd.buell@wsj.com; Twitter: @ToddBuell
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