Eurozone Current Account Turns To Surplus

(RTTNews) - Eurozone recorded a seasonally adjusted current accountsurplus of EUR 1.7 billion in March compared to the revised EUR 4.5 billion deficit in February, the European Central Bank said on Friday.

The unadjusted current account balance also turned to a surplus of EUR 1.3 billion, compared to the EUR 6.2 billion deficit a month ago.

The swing in the balance sheet came due to a higher surplus in the goods account and a sharply narrower deficit in the current transfers account.

Meanwhile, the unadjusted financial account recorded a surplus of EUR 0.9 billion in March, down from the EUR 4.5 billion surplus in the prior month.