Euro area current account recorded €9 billion surplus in August 2026, down from €27 billion previous month

The euro area current account recorded a €9 billion surplus in August 2026, a decrease of €18 billion from the previous month. In the 12 months to August 2026, the cumulative current account surplus narrowed to €250 billion (1.5% of GDP), down from €290 billion (1.8% of GDP) one year earlier. The annual decrease was primarily driven by a reduction in the goods surplus, partly offset by larger surpluses in services and primary income. In the financial account, euro area residents' net acquisitions of non-euro area portfolio investment securities totaled €798 billion, while non-residents' net acquisitions of euro area portfolio investment securities totaled €1,105 billion over the same period.