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Euro zone current account surplus falls to one-year low

Published 22/03/2017, 09:08
Updated 22/03/2017, 09:10
© Reuters. FILE PHOTO: Cars and containers are pictured at a shipping terminal in the harbour of the German northern town of Bremerhaven

FRANKFURT (Reuters) - The euro zone's current account surplus fell to its lowest in a year in January as exports fell and transfer payments to outside the bloc rose slightly, data from the European Central Bank showed on Wednesday.

The euro zone recorded a current account surplus of 24.1 billion euros in the first month of this year after adjusting for seasonal and other calendar affects.

© Reuters. FILE PHOTO: Cars and containers are pictured at a shipping terminal in the harbour of the German northern town of Bremerhaven

This was down from 30.8 billion euros one month earlier and the lowest reading since January 2016.

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