The euro zone’s current account surplus fell sharply in August as the trade of services recorded a deficit and the surplus on the trade of goods dropped by a third, European Central Bank data showed on Wednesday.
The bloc of 19 countries sharing the euro recorded a current account surplus of 13.4 billion euros in August, down from a revised 22.6 billion euros in July, according to adjusted figures.
In the 12 months to August, the current account surplus totalled 2.8% of the bloc’s GDP, up from 1.5% in the preceding 12 months.
Source: Reuters (Reporting by Balazs Koranyi; Editing by Alex Richardson)