Euro zone current account surplus narrowed in February
Euro zone current account surplus narrowed in February
Published by Global Banking and Finance Review
Posted on April 16, 2025
Published by Global Banking and Finance Review
Posted on April 16, 2025
FRANKFURT (Reuters) - The euro zone's current account surplus narrowed in February as a higher services surplus was not big enough to offset a rise in goods imports, European Central Bank data showed on Wednesday.
The currency bloc's seasonally adjusted balance of payments surplus narrowed to 34.3 billion euros in February from 40.3 billion a month earlier, while the unadjusted figure showed an increase to 33.1 billion euros from 18.0 billion euros.
In the 12 months to February, the surplus equalled 2.7% of the bloc's GDP, up from 2.0% in the preceding 12 months.
(Reporting by Balazs Koranyi; Editing by Hugh Lawson)
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