The current account surplus in the eurozone for the month of February fell sharply, accordingly to data released by the European Central Bank on Tuesday. The eurozone's current account balance which is a measure of the financial position of the economy on a global standing showed a surplus of 19.0 billion euros for the month, down from a revised 27.5 billion euros in January. The surplus in goods fell to 24.6 billion from 30.4 billion in January while the services surplus increased to 6.8 billion from 3.8 billion euros previously. The primary income surplus fell to 1.4 billion euros, down from 3.2 billion in January. In the twelve months up until February, the current account surplus represented 3.10% of the eurozone's GDP compared to 2.70% previously.
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Daily Analysis - 20/04/2016