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June 19, 2024EURO AREA CURRENT ACCOUNT, APRIL 2024 Month over month (April 2024 vs March 2024, seasonally adjusted)
The European Central Bank reported today that the Euro Area
- Current account surplus increased by €2.8 billion to €38.6 billion.
- Goods trade surplus increased by €4.3 bllion to €37.5 billion.
- Services trade surplus increased by €6.3 billion to €11.1 billion.
- Primary income surplus decreased by €6.6 billion to 2.1 billion.
- Secondary income deficit widened by €1.3 billion to €12.1 billion.
Compared with March 2024 Euro Area exports of goods decreased by 0.02% to €250.7 billion in April 2024 while imports of goods decreased by 2.0% to €213.2 billion. The decrease in goods imports contributed to a widening of the Euro Area goods surplus to €37.5 billion.
Exports of services increased by 1.2% to €112.5 billion while imports of services decreased 4.7% to €101.5 billion in April 2024. The substantial decline in service imports increased the Euro Area services surplus to €11.1 billion.
Primary income receipts for the Euro Area decreased by 0.4% to €101.9 billion while payments increased by 6.6% to €99.8 billion in April 2024. The faster increase in payments over receipts resulted in a decline of primary income surplus to €2.1 billion.
Secondary income receipts increased by 3.7% to €15.4 billion while secondary income payments increased by 7.2% to €27.6 billion. As the growth in payments was faster than growth in receipts, the Euro Area secondary income deficit widened to €12.1 billion in April 2024.
Source: European Central Bank. Press Releases | Selected Current Account Data
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