Home / World Economy / World Economy News / Euro zone current account surplus widens in August

Euro zone current account surplus widens in August

The adjusted current account surplus of the 19 countries sharing the euro widened to 19.9 billion euros in August from 17.0 billion euros in July on a higher trade surplus and a lower deficit on primary income, data from the ECB showed on Tuesday.

In the 12 months to August, the bloc’s current account surplus fell to 1.9% of GDP from 2.2% in the preceding year, mostly on a lower surplus from the trade of services and a lower flow of primary income, which includes earnings on foreign investments.
Source: Reuters (Reporting by Balazs Koranyi; Editing by Catherine Evans)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping