19 Jun 2015
Euro zone current account surplus widens in April, beats expectations
FXStreet (Mumbai) - The current account surplus in the 19-nation bloc widened in April compared to that booked in March, the European Central Bank (ECB) showed on Friday.
The euro zone's current account recorded an increase in its surplus to €22.3 billion in the April, seasonally adjusted, and compared with the €18.6 billion in March, according to the ECB's report. Markets had expected surplus to increase to €18.1 billion.
On a non-seasonally adjusted basis, the measure, which indicates the net flow of current transactions including goods, services and interest payments into and out of the currency union, shrank to €20.4 billion, compared with the€24.9 billion reported in the previous month.
The euro zone's current account recorded an increase in its surplus to €22.3 billion in the April, seasonally adjusted, and compared with the €18.6 billion in March, according to the ECB's report. Markets had expected surplus to increase to €18.1 billion.
On a non-seasonally adjusted basis, the measure, which indicates the net flow of current transactions including goods, services and interest payments into and out of the currency union, shrank to €20.4 billion, compared with the€24.9 billion reported in the previous month.