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Euro zone current account surplus dips in April

The euro zone's seasonally adjusted surplus narrowed to €22.2 billion in April from €35.7 billion a month earlier
The euro zone's seasonally adjusted surplus narrowed to €22.2 billion in April from €35.7 billion a month earlier

The euro zone's current account surplus dipped in April as imports into the 19-member currency bloc increased and the services surplus eased, European Central Bank data showed today. 

The working-day and seasonally adjusted surplus narrowed to €22.2 billion from €35.7 billion a month earlier. 

The rolling 12-month surplus eased to 3.2% of the bloc's GDP from 3.4% a year earlier. 

The unadjusted surplus dropped to €21.5 billion from €46.4 billion. 

The ECB earlier said it expected the current account surplus to decline somewhat this year, partly on higher commodity - especially oil - prices. 

The bank expects a drop to 2.8% of GDP from 3.4%, and for the reading to hover around the lower level for some years.