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Euro zone's current account surplus jumped in March

The euro zone's current account surplus widened in March, new ECB figures show today
The euro zone's current account surplus widened in March, new ECB figures show today

The euro zone's current account surplus widened in March on a bigger primary income, which includes items such as profits, remittances and income on investments abroad, data from the European Central Bank showed today.

Based on seasonally and calendar-adjusted figures, the surplus rose to €35.77 billion in March from €28.89 billion in February, while unadjusted figures showed a jump to €44.53 billion from €31.12 billion.

In the 12 months to March, the surplus surged to 2.1% of the 20-nation currency bloc's GDP from a deficit of 0.6% in the preceding 12 months.