The Eurozone Current Account Surplus Shrank in February

The European Central Bank reported Monday that the euro zone’s current account surplus narrowed in February due to a decline in net exports of goods and services.

The bloc, which includes 19 euro-trading nations, recorded a current account surplus of 25.9 billion euros in February, down from 34.7 billion in January indicated by revised data.

Unadjusted data showed the surplus growing to 13.3 billion euros from 5.6 billion euros.

In the 12 months to February, the current account surplus increased to 2.3% of the bloc’s GDP, from 2.2% in the previous 12-month period.