Economic Indicators

Euro zone current surplus shrinks

2024.09.19 04:38

FRANKFURT (Reuters) – The euro zone’s current account surplus shrunk in July on a lower trade surplus and a drop in primary income, which includes the flow of profits, wages, interest income and dividends into and out of the bloc, European Central Bank data showed on Thursday.

© Reuters. FILE PHOTO: The skyline of the banking district is seen during sunset in Frankfurt, Germany, April 21, 2024.  REUTERS/Kai Pfaffenbach/File photo

The seasonally adjusted current account surplus fell to 39.6 billion euros in July from 50.5 billion euros a month earlier. Based on unadjusted figures, the surplus fell to 48.0 billion from 52.4 billion.

In the 12 months to July, the bloc’s surplus rose to 2.6% of GDP from 0.5% in the preceding 12 months.



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