Eurozone Current Account Surplus Narrows in July

The Eurozone’s current account surplus narrowed to EUR 35 billion in July 2025 from EUR 39.3 billion a year earlier. The goods surplus fell to EUR 27.9 billion from EUR 35.3 billion, and the services surplus dropped to EUR 19.9 billion from EUR 20.4 billion. Also, the secondary income deficit widened to EUR 15.7 billion from EUR 14.3 billion. On the other hand, the primary income account recorded a surplus of EUR 2.9 billion, compared with a EUR 2.1 billion deficit a year earlier. On a seasonally adjusted basis, the current account surplus fell to EUR 27.7 billion in July from EUR 35.8 billion in the previous month, below market expectations of EUR 34.6 billion.