Euro zone current account surplus surges in June | Inquirer Business

Euro zone current account surplus surges in June

/ 04:44 PM August 22, 2023

FRANKFURT  – 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 percent of GDP after a surplus of 1 percent in the previous 12 months.

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TAGS: Current account surplus, euro zone, Exports

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