Euro zone current account surplus surges in June

The euro zone’s current account surplus surged in June on higher goods exports and lower imports, European Central Bank data showed on Tuesday.

Based on adjusted data, the 20-nation recorded a surplus of 35.8 billion euros after 7.9 billion a month earlier while unadjusted data showed a surplus of 36.8 billion euros after a 12.5 billion euro deficit.

In the 12 months to June, the bloc’s current account showed a deficit of 0.1% of GDP after a surplus of 1.0% in the previous 12 months.