The eurozone's current account surplus declined sharply to the lowest since early 2023 in August, the European Central Bank (ECB) reported on Tuesday. The current account surplus fell to €9 billion ($10.1 billion) from €27 billion in the previous month. This was the lowest since January 2023, when the surplus was €5.7 billion. The surplus on goods trade declined notably to €18 billion from €34 billion in July. Meanwhile, the surplus on services rose moderately to €13 billion from €12 billion a month ago. The primary income showed a shortfall of €4 billion compared to a €1 billion deficit in the previous month. At the same time, the deficit on secondary income narrowed to €18 billion from €19 billion in July.
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