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Euro zone current account surplus surges in June

The euro zone recorded a surplus of €35.8 billion in July after €7.9 billion a month earlier
The euro zone recorded a surplus of €35.8 billion in July after €7.9 billion a month earlier

The euro zone's current account surplus surged in June on higher goods exports and lower imports, European Central Bank data showed today.

Based on adjusted data, the 20-nation recorded a surplus of €35.8 billion after €7.9 billion a month earlier while unadjusted data showed a surplus of €36.8 billion after a €12.5 billion euro deficit.

In the 12 months to June, the bloc's current account showed a deficit of 0.1% of GDP after a surplus of 1% in the previous 12 months.