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EU Current Account Surplus Declines, but Less Than Expected

The euro zone’s current account surplus narrowed less-than-expected in December, official data showed on Monday.

In a report, the European Central Bank said that the euro zone current account recorded a seasonally adjusted surplus of EUR13.9 billion in December, down from a surplus of EUR15.9 billion in November, whose figure was revised up from a surplus of EUR14.8 billion.

Economists had expected the region’s current account surplus to narrow to EUR12 billion in December. 

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