Eurozone current account moved to surplus in March

Central Banking staff
29 May 2002

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GERMANY - The euro zone had a current account surplus of 3.7 billion euros (3.4 billion dollars) in March, compared with a deficit of 600 million euros a year earlier, data published by the European Central Bank on Wednesday showed.

The ECB attributed the development to an increase in the goods surplus to 10.8 billion euros from 6.0 billion euros.

The services and income deficits remained "virtually unchanged" and the current transfers deficit widened slightly to 4.8 billion euros in March from 4

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