Euro zone current account surplus narrows
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FILE PHOTO: The European Central Bank (ECB) and the skyline with its financial district are photographed during sunset in Frankfurt, Germany, April 12, 2021. REUTERS/Kai Pfaffenbach/File Photo
FRANKFURT (Reuters) -The current account surplus of the 20 nations sharing the euro narrowed in July on a lower surplus for services and a smaller primary income, which typically includes the flow of profits, wages, interest and dividends into and out of the bloc.
The current account surplus shrank to 27.7 billion euros in July from 35.8 billion euros in June, according to adjusted figures. Based on unadjusted numbers, the surplus narrowed to 35 billion euros, from 38.9 billion euros, data from the ECB showed on Thursday.
In the 12 months to July, the bloc's current account surplus totalled 2% of GDP, down from 2.6% in the preceding 12 months.
(Reporting by Balazs Koranyi; Editing by Alex Richardson)
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