Eurozone current account surplus narrows in February

The Euro Area's current account surplus narrowed to €33.1 billion in February 2025, down slightly from €33.8 billion in the same month a year earlier, as weaker services and income flows offset gains in goods trade.

Eurozone current account surplus narrows in February

The surplus in services declined modestly to €7.1 billion from €7.4 billion, reflecting softer demand for Eurozone-based services abroad. At the same time, the primary income surplus—covering cross-border investment income and compensation—fell more sharply to €2.1 billion from €4.4 billion, suggesting a slowdown in returns on foreign investments or higher outflows to non-residents. Meanwhile, the goods trade surplus widened to €38.3 billion from €36.7 billion, supported by resilient export activity despite ongoing global trade tensions. The secondary income deficit, which includes payments such as foreign aid and workers' remittances, improved slightly to -€14.3 billion from -€14.8 billion, offering a small boost to the overall balance.

Seasonally adjusted basis figures

On a seasonally adjusted basis, the current account surplus fell to €34.3 billion in February, down from €40.3 billion in January. The moderation in the surplus underscores growing pressure on the Eurozone's external position amid shifting global economic conditions and weakening momentum in key components such as services and income balances.