Eurozone Current Account Surplus Jumps in June

Data from the European Central Bank showed that the revised surplus of the current account balance in the euro zone, which includes 19 countries, increased to 20.69 billion euros in June from 11.27 billion euros in May, as the trade surplus increased.

In the twelve months to June, the bloc’s current account surplus decreased to 2.2% of GDP from 2.6% in the previous year, mostly due to a decline in the services trade surplus and a shrinking primary income stream, which includes profits from foreign investment.