European Union's current account surplus falls in April

The European Union’s current account balance decreased slightly in April, mainly as a result of declines in the surplus in both the goods and services balances.

In April, the current account surplus printed at €13.4bn versus €17.6bn in the month before, according to Eurostat.

The surplus in trade in goods decreased from €15.5bn to €12.1bn while that in services dropped from €12.1bn to €10.9bn.

The primary income account saw a reduced deficit of a -€1.2bn versus the previous month’s -€2.1bn. The secondary income balance on the other hand saw its deficit worsen from -€7.9bn to -€8.4bn.