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- Eurozone current account surplus decreased in April
Eurozone current account surplus decreased in April
According to the report from European Central Bank (ECB), the current account of the euro area recorded a surplus of €21 billion in April 2019, a decrease of €4 billion from the previous month. Surpluses were recorded for goods (€22 billion), services (€6 billion) and primary income (€4 billion). These were partly offset by a deficit for secondary income (€12 billion).
In the 12 months to April 2019, the current account recorded a surplus of €315 billion (2.7% of euro area GDP), compared with a surplus of €391 billion (3.4% of euro area GDP) in the 12 months to April 2018. This decline was driven mainly by smaller surpluses for goods (down from €324 billion to €274 billion) and services (down from €111 billion to €98 billion), and by a larger deficit for secondary income (up from €138 billion to €156 billion). These developments were partly offset by a larger surplus for primary income (up from €93 billion to €98 billion).
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