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The Financial Express

Euro zone current account surplus narrows further in May

| Updated: July 23, 2020 10:39:10


File photo (collected) File photo (collected)

The current account surplus of the 19 countries sharing the euro narrowed to 7.95 billion euros in May from 14.27 billion euros in April on a big outflow of secondary income, which includes transfers between residents and non-residents, ECB data showed on Monday.

In the 12 months to May, the bloc’s current account surplus fell to 2.2 per cent of GDP from 2.7 per cent in the preceding year, mostly on a big drop in the surplus on the trade of goods and services.

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