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Eurozone current account surplus narrows in March

The eurozone's current account surplus narrowed to €32.0 billion in March from a revised €36.8 billion in February, European Central Bank data showed.

The goods trade surplus widened to €30.2 billion from €28.7 billion a month ago, while the surplus in services increased to €9.4 billion from €9.2 billion.

The surplus in primary income, which includes returns on investments abroad, shrank to €3.9 billion from €6.8 billion, while the deficit in secondary income, which covers transfers between residents of different countries and foreign aid, rose to €11.5 billion from €8.0 billion.

For the 12 months ended March, the current account surplus stood at €407.7 billion, representing 3.6% of euro area GDP, compared with €375.2 billion, or 3.5% of GDP, in the 12 months to March 2017.