Eurozone June current account balance €18.4 billion vs €29.7 billion prior

Latest data released by the ECB – 19 August 2019

  • Prior €29.7 billion; revised to €30.3 billion
Slight delay in the release by the source. The surplus shrinks below €20 billion for the first time since 2017 as we see a drop in goods, services and primary income for the month of June. That’s not encouraging but at this point in time, this is still a minor data release.
The data is a general indication of flows in/out of the euro area economy. EUR/USD holds steady at 1.1101 currently still.