skip to main content

Sharp rise in euro zone's current account surplus

The euro zone's current account returned to surplus in March
The euro zone's current account returned to surplus in March

The euro zone’s current account surplus jumped to €19.5 billion in April, according to the latest data from the European Central Bank.

The Euro area balance of payments account is a closely tracked indicator of the ability of a country or area to pay its way in the world.

It had recorded a surplus of €9.1 billion in March, having been in deficit in February.

The surplus in April came about due to a goods surplus of €18.1 billion, a services surplus of €8.2 billion and an income surplus of €4.4 billion.

However the figure was somewhat offset by a €11.3 billion deficit for current transfers.

According to the ECB figures, the seasonally adjusted cumulated account for the year to April recorded a surplus of €166.5 billion. This compares to a surplus of €40.5 billion for the previous 12 months.