Eurozone sees surplus drop

Ben Southwood
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THE EUROZONE current account surplus narrowed in April 2012, according to data from the European Central Bank published yesterday.

Shrinking from €10.3bn to €4.6bn it was still the second highest level of the last year, as part of a cumulative €18.8bn surplus since April 2011.

Surpluses in goods and services were partially offset by a large deficit in current transfers.