18 Days
Source:
الاقتصادية
Euro area current account surplus drops
The report records a decline in the euro area’s current account surplus in July, which fell to 27.6 billion euros from 35.1 billion euros in June. This is mainly attributed to a decrease in the surplus of goods and services and an increase in the secondary income deficit. Over the 12 months ending in July, the surplus amounted to 282 billion euros (1.7% of GDP), down from 298 billion euros (1.9%) a year earlier. This indicates a slowdown in the current account surplus resulting from changes in the composition of transactions with the world, with the surplus from services continuing to offset the decline, and an improvement in the primary income balance, while the goods surplus declined.
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