Euro zone current account surplus narrows further in May

imageEconomy10 hours ago (Jul 20, 2020 04:10AM ET)

(C) Reuters.

FRANKFURT (Reuters) – The current account surplus of the 19 countries sharing the euro narrowed to 7.95 billion euros in May from 14.27 billion euros in April on a big outflow of secondary income, which includes transfers between residents and non-residents, ECB data showed on Monday.

In the 12 months to May, the bloc’s current account surplus fell to 2.2% of GDP from 2.7% in the preceding year, mostly on a big drop in the surplus on the trade of goods and services.

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Euro zone current account surplus narrows further in May

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