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September 19, 2023EURO AREA CURRENT ACCOUNT, JULY 2023 Month over month (July 2023 vs June 2023, seasonally adjusted)
The European Central Bank reported today that the Euro Area (EA20)
- Net current account surplus declined by €14.9 billion to €20.9 billion.
- Net goods trade surplus declined by €15.9 billion to €23.4 billion.
- Net services trade surplus widened by €3.1 billion to €10.8 billion.
- Net primary income balance declined by €2.9 billion to a surplus of €0.6 billion.
- Net secondary income deficit decreased by €0.8 billion to €14.0 billion.
Exports of goods decreased by 9.3% to €232.3 billion and imports of goods declined by 3.6% to €208.9 billion in July 2023 compared with the previous month. With exports decreasing faster than imports, the goods trade surplus declined to €23.4 billion.
Exports of services declined 4.9% to €103.3 billion and imports of services decreased 8.3% to €92.5 billion in July 2023 compared to the previous month. The services trade balance widened to €10.8 billion.
Primary income receipts increased by 5.3% to €94.1 billion and payments grew by 9.0% to €93.4 billion from June to July 2023. The primary income balance declined from a surplus of €3.6 billion in June to a surplus of €0.6 billion in July.
Since June 2023, secondary income receipts declined by 6.4% to €13.8 billion and secondary income payments decreased by 5.9% to €27.8 billion in July 2023. The secondary income deficit declined to €14.0 billion in July 2023.
REFERENCE
European Central Bank. Press Releases | Selected Current Account Data
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