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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

October 18, 2019
EURO AREA CURRENT ACCOUNT, AUGUST 2019

MONTHLY

The European Central Bank reported today that the Euro Area (EA19) current account (working day and seasonally adjusted) recorded a surplus of €26.6 billion in August 2019. Surpluses of €27.7 billion in net goods trade, €5.5 billion in net services trade and €7.2 billion in net primary income, were partially offset by a deficit of €13.7 billion in net secondary income accounts. 

 

In August 2019, Euro Area exports of goods and services increased €1.7 billion to €281.7 billion, and Imports of goods and services decreased €1.5 billion to €248.5 billion. The net trade surplus increased €3.2 billion to €33.2 billion.

 

Sources: European Central Bank:  Press Release | Database | Selected BOP Data   |    Competitiveness indicator

 

 



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