Investing.com - The euro zone’s current account surplus widened significantly more-than-expected in March, official data showed on Wednesday.
In a report, the European Central Bank said that the euro zone current account recorded a seasonally adjusted surplus of EUR25.9 billion in March, up from a surplus of EUR14.6 billion in February, whose figure was revised down from a surplus of EUR16.3 billion.
Economists had expected the region’s current account surplus to widen to EUR15 billion in March.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.25% to trade at 1.2937.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 shed 0.1%, France’s CAC 40 dipped 0.2%, London’s FTSE 100 declined 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 EUR25.9 billion in March, up from a surplus of EUR14.6 billion in February, whose figure was revised down from a surplus of EUR16.3 billion.
Economists had expected the region’s current account surplus to widen to EUR15 billion in March.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.25% to trade at 1.2937.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 shed 0.1%, France’s CAC 40 dipped 0.2%, London’s FTSE 100 declined 0.3%, while Germany's DAX fell 0.2%.