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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

September 18, 2025
EURO AREA CURRENT ACCOUNT, JULY 2025

Month over month (July 2025 vs June 2025, seasonally adjusted)

Month over month, the Euro Area current account surplus narrowed by €8.1 billion to €27.7 billion

  • Goods trade surplus widened by €2.0 billion to €24.6 billion
  • Services trade surplus narrowed by €3.7 billion to €12.1 billion
  • Primary income surplus narrowed by €6.9 billion to €7.1 billion
  • Secondary income deficit narrowed by €0.5 billion to €16.1 billion

The Euro Area's exports of goods increased by 0.4% to €236.3 billion. Imports of goods decreased 0.5% to €211.7 billion.   

Exports of services from the Euro Area decreased by 1.8% to €128.7 billion while imports of services to the Euro Area increased 1.1% to €116.6 billion.  

Primary income receipts for the Euro Area increased by 5.7% to €114.4 billion while payments increased by 13.9% to €107.2 billion. 

Secondary income receipts in the Euro Area increased by 5.9% to €16.3 billion while secondary income payments from the Euro Area increased by 1.4% to €32.4 billion. 

Source: European Central Bank.  Press Releases Selected Current Account Data 



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