Eurozone current account surplus declines to 9 billion euros in August

The Eurozone current account surplus fell to 9 billion euros in August 2026, a significant decrease from the 27 billion euros recorded the previous month, according to data from the European Central Bank. On a twelve-month basis, the cumulative surplus reached 250 billion euros, representing 1.5% of the Eurozone GDP, down from 290 billion euros or 1.8% of GDP during the same period last year.

While the goods balance showed a surplus of 18 billion euros and the services balance a surplus of 13 billion euros, these gains were offset by an 18 billion euro deficit in secondary income and a 4 billion euro deficit in primary income. Over the twelve-month period ending August 2026, the goods trade surplus narrowed to 290 billion euros from 320 billion euros a year prior. Conversely, the services surplus grew to 153 billion euros from 140 billion euros.

Regarding direct investment, Eurozone residents made net investments of 424 billion euros in assets outside the Eurozone during the twelve-month period, more than double the 211 billion euros recorded in the previous year. Net direct investment by non-residents into the Eurozone decreased to 89 billion euros from 122 billion euros.