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For additional information relating to this article, please contact:

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

November 17, 2023
EURO AREA CURRENT ACCOUNT, SEPTEMBER 2023

Month over month (September 2023 vs August 2023, seasonally adjusted)

The European Central Bank reported today that the Euro Area (EA20)

• Current account surplus increased by €0.4 billion to €31.2 billion.
• Goods trade surplus decreased by €5.2 billion to €31.1 billion.
• Services trade surplus increased by €0.8 billion to €8.5 billion.
• Primary income surplus increased by €5.2 billion to €5.3 billion.
• Secondary income deficit widened by €0.4 billion to €13.6 billion.

 

Exports and imports

Exports of goods decreased by 5.3% to €241.0 billion and imports of goods decreased by 3.8% to €209.9 billion in September 2023 compared with the previous month. With imports increasing faster than exports, the goods trade surplus decreased to €31.1 billion.

Exports of services decreased 0.2% to €107.7 billion and imports of services decreased 1.1% to €99.2 billion in September 2023 compared to the previous month. The services trade balance widened to €8.5 billion.

 

Receipts and payments

Primary income receipts decreased by 1.1% to €98.9 billion and payments declined by 6.3% to €93.7 billion in September 2023. The primary income surplus increased to €5.3 billion in September.  

Secondary income receipts decreased by 2.9% to €13.7 billion and secondary income payments were unchanged at €27.3 billion. The secondary income deficit widened to €13.6 billion in September 2023.

 

 

REFERENCE

European Central Bank.  Press Releases | Selected Current Account Data 

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