Eurozone April current account balance €19.3 billion vs €60.1 billion prior

The seasonally adjusted figure shows a surplus of €19.3 billion, compared with €50.9 billion in March. The big drop in April owes to a notable decline in exports for goods following a bigger jump in March, likely due to frontloading before Trump’s tariffs. The breakdown shows that surpluses were recorded for goods (€30 billion) and services (€ 7 billion), while the primary income account was balanced (flat). Meanwhile, a deficit was recorded for secondary income (€16 billion).

This article was written by Justin Low at www.forexlive.com.