FX.co ★ Eurozone Current Account Surplus Narrows Sharply in August

The eurozone’s current account surplus dropped sharply to €7.7 billion in August 2026, down from €18.1 billion in August 2025. The goods surplus narrowed to €10.5 billion, its lowest level since April 2023, while the primary income balance shifted from a €2.6 billion surplus to a €2.3 billion deficit. The secondary income deficit also widened, increasing to €17.0 billion from €15.1 billion a year earlier. By contrast, the services surplus rose to €16.5 billion, up from €14.6 billion in August 2025. Over the first eight months of 2026, the cumulative current account surplus declined to €130.2 billion, compared with €148.2 billion in the same period of the previous year.