Eurozone current account surplus narrows in August

The Eurozone’s current account surplus declined to €13 billion in August 2025, down from €25.3 billion in the same month a year earlier.

The goods surplus narrowed sharply to €8 billion from €17.1 billion, while the primary income surplus fell to €2 billion from €5 billion. Meanwhile, the secondary income deficit widened to €15 billion from €13.4 billion.

In contrast, the services surplus expanded slightly to €18 billion, up from €16.7 billion.

On a seasonally adjusted basis, the current account surplus dropped to €11.9 billion in August from €29.8 billion in July, falling short of market expectations of €22.5 billion.