Eurozone Current Account Surplus Widened in April

Data from the European Central Bank showed that the Eurozone’s current account surplus widened in April thanks to an increase in the trade surplus and primary income, which includes profits from foreign investment.

The 19-nation Euro bloc posted a revised current account surplus of 22.8 billion euros in April, up from $17.8 billion in March, according to revised figures.

Based on unadjusted data, the surplus was almost unchanged at 31.4 billion euros, compared to 31 billion euros a month ago.

In the 12 months to April, the current account surplus amounted to 2.5% of the bloc’s gross domestic product, up from 2% in the preceding 12-month period.