Euro zone current account surplus surges in June
2023.08.22 05:28
© Reuters. The building of the European Central Bank (ECB) is seen amid a fog before the monthly news conference following the ECB’s monetary policy meeting in Frankfurt, Germany December 15, 2022. REUTERS/Wolfgang Rattay/File Photo
FRANKFURT (Reuters) – The euro zone’s current account surplus surged in June on higher goods exports and lower imports, European Central Bank data showed on Tuesday.
Based on adjusted data, the 20-nation recorded a surplus of 35.8 billion euros after 7.9 billion a month earlier while unadjusted data showed a surplus of 36.8 billion euros after a 12.5 billion euro deficit.
In the 12 months to June, the bloc’s current account showed a deficit of 0.1% of GDP after a surplus of 1.0% in the previous 12 months.
