The Eurozone current account surplus declined to a seasonally adjusted EUR 4.6 billion in April from EUR 10.3 billion a month ago, the European Central Bank said in a report on Thursday.
The surplus on trade in goods decreased to EUR 7.5 billion from EUR 8.7 billion. Likewise, the surplus in services fell to EUR 5.9 billion from EUR 7.4 billion in March.
The income account showed a surplus of EUR 1.6 billion compared to a EUR 2.8 billion surplus logged in the previous month. Moreover, the deficit in current transfers widened to EUR 10.4 billion from EUR 8.7 billion in March.
The 12-month accumulated seasonally adjusted current account registered a surplus of EUR 18.8 billion in April 2012, which is equivalent to around 0.2 percent of euro area GDP.
by RTT Staff Writer
For comments and feedback: email@example.com