27 June 2001, 16:20  EMU Current Acc. Deficit Narrows; Investment Outflows Fall

The eurozone's deficit on the current account narrowed to E3.3 bln in April from E7.0 bln a year earlier, the ECB reported. The improvement was largely due to a bigger goods trade surplus, a services surplus instead of a deficit and a smaller deficit on current transfers. The ECB also reported that combined direct and portfolio investment net outflows were E20.0 bln in April, compared with E36.2 bln in March. Outflows in the first four months of the year were E106.8 bln, up from E47.4 bln a year earlier.

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