The euro zone's current account surplus rose in May as the surplus on both the trade of goods and services increased, European Central Bank data showed today.
Based on adjusted data, the 20-nation recorded a surplus of €9.1 billion after €3.8 billion a month earlier while unadjusted data showed a deficit of €11.3 billion after a surplus of €4.3 billion.
In the 12 months to May, the bloc's current account showed a deficit of 0.4% of GDP after a surplus of 1.3% in the previous 12 months.
The euro zone ran large surpluses for years until Russia's war in Ukraine pushed up its energy import bill.
But last year's big deficits on sky high energy costs have now been largely erased and the euro zone has recorded a surplus every month since November.
