Euro zone’s adjusted current account surplus widens

The euro zone’s current account surplus widened in April, as a bigger surplus for goods and services trade offset a drop in the primary income balance, data from the European Central Bank showed on Wednesday.

The bloc’s adjusted current account surplus widened to 38.6 billion euros from 35.8 billion a month earlier, even as the unadjusted figures fell to 34.4 billion euros from 44.5 billion.

In the 12 months to April, the bloc’s current account surplus equalled 2.3% of GDP, up from a deficit of 0.4% in the preceding 12 months, when high energy costs pushed up the euro zone’s import bill.
Source: Reuters (Reporting by Balazs Koranyi, Editing by Peter Graff)