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October 18, 2024EURO AREA CURRENT ACCOUNT, AUGUST 2024 Month over month (August 2024 vs July 2024, seasonally adjusted)
The European Central Bank reported today that the Euro Area:
- Current account surplus narrowed by €9.3 billion to €31.5 billion
- Goods trade surplus narrowed by €4.7 billion to €31.9 billion
- Services trade surplus widened by €0.7 billion to €18.9 billion
- Primary income deficit widened by €3.7 billion to €3.9 billion
- Secondary income deficit widened by €1.6 billion to €15.4 billion
Compared with July 2024 the Euro Area's exports of goods increased by 0.3% to €241.3 billion in August 2024. Imports of goods increased 2.7% to €209.4 billion.
Exports of services from the Euro Area increased by 2.4% to €130.1 billion while imports of services to the Euro Area decreased 2.1% to €111.2 billion in August 2024.
Primary income receipts for the Euro Area decreased by 1.5% to €112.3 billion while payments rose by 1.7% to €116.2 billion in August 2024.
Secondary income receipts in the Euro Area decreased by 2.7% to €14.8 billion while secondary income payments from the Euro Area increased by 4.1% to €30.1 billion.
Source: European Central Bank. Press Releases | Selected Current Account Data
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