The euro zone’s current account surplus shrunk in July on a lower trade surplus and a drop in primary income, which includes the flow of profits, wages, interest income and dividends into and out of the bloc, European Central Bank data showed today.
The seasonally adjusted current account surplus fell to €39.6 billion in July from €50.5 billion a month earlier.
Based on unadjusted figures, the surplus fell to €48 billion from €52.4 billion.
In the 12 months to July, the bloc’s surplus rose to 2.6% of GDP from 0.5% in the preceding 12 months.
Article Source – Euro zone current surplus shrinks in July – RTE
