Economic Buzz: Eurozone Current Account Surplus Falls To 10-Month Low In April

Eurozone current account surplus fell to EUR 28.4 billion in April from EUR 32.8 billion in March, the European Central Bank reported Tuesday. This was the lowest surplus since June 2017. The surplus on goods trade totaled EUR 21 billion versus EUR 30.3 billion in the previous month. Meanwhile, the surplus on services rose to EUR 9.6 billion from EUR 9.4 billion. Primary income increased to EUR 8.5 billion from EUR 4.8 billion. At the same time, the deficit on secondary income narrowed to EUR 10.7 billion from EUR 11.7 billion a month ago. On an unadjusted basis, the current account surplus declined sharply to EUR 26.2 billion from EUR 41.3 billion in March.