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Euro zone current account surplus narrows on trade

The euro zone's adjusted current account surplus narrowed to €29.45 billion in February from €39.28 billion in January
The euro zone's adjusted current account surplus narrowed to €29.45 billion in February from €39.28 billion in January

The euro zone's current account surplus narrowed in February on a big decline in the trade surplus, data from the European Central Bank showed today.

The bloc's adjusted current account surplus narrowed to €29.45 billion from €39.28 billion a month earlier.

But unadjusted figures showed an increase to €31.64 billion from €24.76 billion.

In the 12 months to February, the bloc's current account surplus equalled 2% of GDP, up from a deficit of 0.7% in the preceding 12 months, when high energy costs pushed up import costs