Investing.com - The euro zone’s current account surplus narrowed less-than-expected in May, official data showed on Thursday.
In a report, the European Central Bank said that the euro zone current account recorded a seasonally adjusted surplus of EUR19.6 billion in May, down from a surplus of EUR23.8 billion in April, whose figure was revised up from a surplus of EUR19.5 billion.
Economists had expected the region’s current account surplus to narrow to EUR18.5 billion in May.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.18% to trade at 1.3101.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 rose 0.1%, France’s CAC 40 added 0.1%, London’s FTSE 100 gained 0.3%, while Germany's DAX fell 0.2%.
In a report, the European Central Bank said that the euro zone current account recorded a seasonally adjusted surplus of EUR19.6 billion in May, down from a surplus of EUR23.8 billion in April, whose figure was revised up from a surplus of EUR19.5 billion.
Economists had expected the region’s current account surplus to narrow to EUR18.5 billion in May.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.18% to trade at 1.3101.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 rose 0.1%, France’s CAC 40 added 0.1%, London’s FTSE 100 gained 0.3%, while Germany's DAX fell 0.2%.