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Euro area current account surplus rises in August

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Dion Global

22 Oct 2018

The Euro area current account surplus rose to EUR 24 billion from EUR 19 billion in July. A year ago, the surplus was EUR 39 billion.

The visible trade surplus increased to EUR 22 billion from EUR 19 billion in the previous month, while the surplus in services trade decreased to EUR 9 billion from EUR 10 billion.

The balance in the primary income account grew to EUR 7 billion from EUR 9 billion, while the shortfall in the second income account narrowed to EUR 13 billion from EUR 14 billion.

In the 12 months to August, the current account surplus was EUR 379 billion, or 3.3 percent of Eurozone GDP, versus EUR 330 billion or 3.0 percent in the previous 12-month period.