The current account of the euro zone changed little in May. The deficit was around four billion euros, as the European Central Bank (ECB) announced on Wednesday in Frankfurt. Normally, the euro zone shows a clear surplus in the current account, not least because of the brisk export of goods to other economic areas. Recently, however, the trade balance has turned negative.
The current account shows trade in goods and services as well as income transfers. It thus represents the economic exchange of the euro zone with countries outside the currency area. (dpa)