EU current account surplus grows in May

The current account surplus of the European Union (EU) in May increased compared with the previous month, first estimate data from Eurostat, the statistical office of the EU, showed Tuesday.

The current account rose to 13.0 billion euros (about 14.17 billion U.S. dollars) in May from 11.9 billion euros in April and 4.8 billion euros in May last year.

In May, the surplus of the services account grew to 14.3 billion euros from 8.3 billion euros in April.

The surplus of the goods account decreased to 7.4 billion euros from 11.5 billion euros in April.

The 12 months accumulated current account for the period ending in May 2015 recorded a surplus of 118.8 billion euros compared with 104.9 billion euros for the 12 months to May 2014. (1 euro = 1.09 U.S. dollars )