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Euro Zone Mar Current Account Surplus Narrows on Trade Drop

FRANKFURT, May 21 (Reuters) - The euro zone's combined current ​account surplus narrowed ‌sharply in March on a big drop in ​the trade surplus, ​likely caused by higher ⁠energy costs, data ​from the European Central ​Bank showed on Thursday.

The seasonally adjusted current account surplus ​narrowed to €14.9 billion ​in March from €25.6 billion, while ‌a ⁠month earlier based on unadjusted data the surplus widened to €24.1 ​billion ​from €21.7 ⁠billion.

In the 12 months to March, ​the currency bloc's ​surplus ⁠narrowed to 1.7% of GDP from 2.4% ⁠in ​the preceding ​12 months.

Reporting by Balazs Koranyi; ​Editing by Hugh Lawson

Source: Reuters


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