The Eurozone Current Account Surplus widened in August

Data from the European Central Bank showed on Tuesday that the current account surplus of the 19-nation eurozone widened to 19.9 billion dollars in August from 17 billion euros in July thanks to a higher trade surplus and a lower primary income deficit.

In the 12 months to August, the region’s current account surplus declined to 1.9% of GDP from 2.2% the year before, mainly due to a decline in the services trade surplus and a decrease in the flow of primary income, which includes profits from foreign investment.