The euro area current account surplus increased sharply in May largely due to the rise in services surplus, the European Central Bank reported Friday. The current account balance showed a surplus of EUR 32.3 billion in May compared to a surplus of EUR 18.6 billion in April.Data showed that surpluses were recorded for goods, services and primary income, while secondary income was in deficit.The sur...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.