Eurozone current account surplus narrows

The current account surplus in the Eurozone narrowed in December, according to data from the European Central Bank.

The current account balance revealed a surplus of €25.5bn in adjusted terms compared to a revised €26.9bn the previous month.

Surpluses for goods, services and primary income were partially offset by a deficit in secondary income.

Pantheon Macroeconomics said: “The marginal decline was mainly due to a fall in the trade surplus. The goods and services surplus fell €1bn and €1.4bn respectively, partially offset by a €1bn increase in the primary income.”