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)
