Eurozone Current Account Surplus Stays at €23 Billion in January

Source: European Central Bank

The eurozone opened the year with a stable current account surplus, as its credit and debit grew at the same rate. EZU is up 0.77% and VGK flat premarket.

• The current account surplus stood at €23 billion in January, unchanged from December and lower than the €38-billion surplus the same month last year.
• Debit grew to €393 billion from €386 billion in December and €349 billion in January 2021, and debit climbed to €371 billion from €364 billion in December and €311 billion in 2021.
• The goods balance stood recorded a €14-billion surplus, up from €11 billion in the previous month but lower than €40 billion in January 2021.
• The services balance fell to €16 billion from €18 billion in December, but higher than the €9 billion recorded in January 2021.
• The primary income balance declined to €6 billion from €7 billion in December, while the secondary income balance recorded a €13-billion deficit versus from €14 billion the past month.
• The current account surplus for the 12 months to January was recorded at €294 billion, up from €247 billion in the past year.