Euro zone current account surplus narrowed in February
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FILE PHOTO: EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. REUTERS/Jana Rodenbusch/File Photo
FRANKFURT (Reuters) - The euro zone's current account surplus narrowed in February as a higher services surplus was not big enough to offset a rise in goods imports, European Central Bank data showed on Wednesday.
The currency bloc's seasonally adjusted balance of payments surplus narrowed to 34.3 billion euros in February from 40.3 billion a month earlier, while the unadjusted figure showed an increase to 33.1 billion euros from 18.0 billion euros.
In the 12 months to February, the surplus equalled 2.7% of the bloc's GDP, up from 2.0% in the preceding 12 months.
(Reporting by Balazs Koranyi; Editing by Hugh Lawson)
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