The current account of the euro area recorded a surplus of 265 billion (1.6% of euro area GDP) in the four quarters to the second quarter of 2026, following a 304 billion surplus (1.9% of GDP) a year earlier (Table 1). This decrease was mainly driven by a lower surplus for goods (from 318 billion to 288 billion) and by a wider deficit for secondary income (from 172 billion to 199 billion). These developments were partly offset by a higher surplus for primary income (from 8 billion to 26 billion), while the surplus for services remained stable at 150 billion.
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