The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
December 20, 2023EURO AREA CURRENT ACCOUNT, OCTOBER 2023 Month over month (October 2023 vs September 2023, seasonally adjusted)
The European Central Bank reported today that the Euro Area (EA20)
- Current account surplus increased by €2.6 billion to €33.8 billion.
- Goods trade surplus decreased by €1.1 billion to €30.0 billion.
- Services trade surplus increased by €11.3 billion to €19.8 billion.
- Primary income surplus declined by €7.7 billion to a deficit of €2.4 billion.
- Secondary income deficit shrunk by €0.05 billion to €13.5 billion.
Exports and imports
Exports of goods grew by 1.7% to €245.1 billion and imports of goods grew by 2.5% to €215.2 billion in October 2023 compared with the previous month. With imports increasing faster than exports, the goods trade surplus decreased to €30.0 billion.
Exports of services were unchanged at €107.7 billion and imports of services decreased 11.4% to €87.92 billion in October 2023 compared to the previous month. The services trade balance widened to €19.8 billion.
Receipts and payments
Primary income receipts increased by 7.3% to €106.1 billion and payments grew by 15.9% to €108.5 billion in October 2023. The primary income surplus declined to a deficit of €2.4 billion in October.
Secondary income receipts decreased by 1.3% to €13.6 billion and secondary income payments declined by 0.8% to €27.1 billion. The secondary income deficit declined to €13.5 billion in October 2023.
REFERENCE
European Central Bank. Press Releases | Selected Current Account Data
<--- Return to Archive
