The eurozone current account surplus increased notably in April largely on higher primary income, figures from the European Central Bank showed Friday, Alliance News reported. The current account surplus totaled a seasonally adjusted €36.2 billion ($40.74 billion) in April compared to €26.3 billion in the prior month. The surplus on trade in goods rose to €31 billion from €30 billion. Meanwhile, the services surplus fell to €5.6 billion from €7.1 billion. At €8.3 billion, primary income logged a sharp increase from €2.1 billion in March. At the same time, the secondary income posted a deficit of €8.8 billion versus a shortfall of €12.9 billion in the prior month. On an unadjusted basis, the current account surplus climbed to €34 billion from €31.3 billion in the prior month. The 12-month cumulated current account for the period ending in April recorded a surplus of €329.4 billion or 3.1% of eurozone GDP, compared with €282.4 billion in the same period of last year.
