ECB data on Friday showed the euro area seasonally adjusted current account
surplus widened to €25.1 bln in May from €17.5 bln in April, driven by higher
primary income (interest, profits and dividends) that offset a narrower trade
surplus. Unadjusted data showed a €6.2 bln current account deficit in May versus
a €16.7 bln surplus in April. Over the 12 months to May the current account
The surplus was 1.7% of GDP, down from 2.0% a year earlier.