Eurozone current account surplus shrinks to 15-month low

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The eurozone’s current account surplus has narrowed to its lowest level since October 2015, the European Central Bank said on Wednesday.

Fresh figures show the surplus fell to €24.1bn in January, down from a revised €30.8bn the previous month.

The current account, which measures the eurozone’s balance in goods and income, has swung into surplus since the eurozone’s sovereign debt crisis calmed around 2012.

A record surplus in Germany helped the eurozone to hit its own current account surplus record in November at €36.1bn – but the surplus has since been shrinking.

January’s figure reflected surpluses for goods, primary income and service that were partly offset by a deficit for secondary income, the ECB said.

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