The current account of the euro area posted a surplus of €13 billion in August 2021, a decline of €10 billion from the previous month.
- Euroarea’s surpluses were attributable to goods (€17 billion) and primary income (€5 billion). These surpluses were offset by deficits for secondary income (€8 billion) and services (€1billion).
- On annual basis, the current account posted a surplus of €328 billion in August 2021 compared with a surplus of €176 billion in August 2020.
- Euro area residents’ net acquisitions of non-eurozone portfolio investment securities amounted to €942 billion and non-residents’ net acquisitions of eurozone portfolio investment securities was €129 billion in months ending August 2021.
The net external assets of Eurozone MFIs dropped by €44 billion in the year to August 2021. The drop was mainly attributed by euro area non-MFIs’ net outflows in portfolio investment debt.
FTSE 100 +0.029%, GBP USD down -0.27%Source: European Central Bank.