EUROZONE CURRENT ACCOUNT SURPLUS LOWEST SINCE 2023

What happened: The euro area current account surplus fell to EUR 9 billion in August from EUR 27 billion in July, the European Central Bank reported. This was the lowest since January 2023. Key numbers: August surplus EUR 9 billion versus EUR 27 billion in July. Goods trade surplus EUR 18 billion from EUR 34 billion. Services surplus EUR 13 billion from EUR 12 billion. Why it matters: The decline was driven by a notably smaller goods trade surplus, while the services surplus rose moderately. The twelve month surplus was also lower than a year ago.

Eurozone current account surplus fell to its lowest level since 2023.

Eurozone current account surplus fell to its lowest level since 2023. — impact context not separately stored; see What changed.