Source: European Central Bank
The Euro area current account slipped in August, both from the previous month and the same month last year. EZU is down 0.18% premarket.
- The current account surplus stood at €13 billion in August, down from €23 billion in July and €24 billion in August 2020.
- The current account surplus for the 12 months to August stood at €328 billion or 2.8% of GDP, up from €176 billion or 1.5% of GDP last year.
- Goods were recorded at €17 billion, down from €26 billion in July and €31 billion in August 2020.
- Services were recorded at -€1 billion, lower than the €7 billion in July and €1 billion the same month last year.
- Primary income climbed to €5 billion from €4 billion the previous month and €2 billion the same month last year.
- Secondary income increased to -€8 billion from -€14 billion in July and -€10 billion in August 2020.
- Direct investments included €9 billion in Euro area investments and €37 billion from Euro area assets.
- Portfolio investments of Euro areas stood at €535 billion, with net purchases of non-Euro area debt securities at €406 billion.
Leave a Reply