Economic Buzz: Eurozone current account surplus declines in February

Mumbai, April 16 -- The euro area current account surplus declined in February, data from the European Central Bank showed on Wednesday.

The current account surplus fell to EUR 34 billion in February from EUR 40 billion in January. In the same period last year, the surplus was EUR 33 billion.

The surplus on goods trade decreased to EUR 34 billion from EUR 42 billion in the prior month, while the surplus on services trade rose to EUR 14 billion from EUR 12 billion.

Primary income showed a shortfall of EUR 3 billion after credit and debit in primary income balanced last month. The deficit on secondary income narrowed to EUR 10 billion from EUR 14 billion.

In twelve months to February, the current account surplus totalled EUR 411 billion o...