The Eurozone’s current account surplus has fallen to its lowest level since early 2023, largely due to a drop in the trade-in-goods surplus.
According to European Central Bank data, the current account surplus fell to €12 billion ($14 billion) in August from €30 billion in July.
It marked the lowest level since April 2023, when the surplus stood at €10 billion. The goods trade surplus dropped to €15 billion from €25 billion in July, while the services surplus declined to €14 billion from €13 billion the previous month.
Primary income recorded a deficit of €1 billion in August, compared to an €8 billion surplus a month earlier.
