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Euro zone current account surplus narrows in April

The 20-nation bloc's adjusted current account surplus fell to 4 billion euros in April from 31 billion a month earlier.
The 20-nation bloc's adjusted current account surplus fell to 4 billion euros in April from 31 billion a month earlier.

The euro zone's current account surplus narrowed in April as the bloc's trade surplus fell by over half on weaker exports, data from the European Central Bank shows.

The 20-nation bloc's adjusted current account surplus fell to 4 billion euros in April from 31 billion a month earlier.

In the 12 months to April, the current account recorded a deficit equal to 0.4% of GDP as Russia's war in Ukraine pushed up energy costs and the bloc's import bill.

The euro zone had posted a 1.1% surplus a year earlier.