
The euro area recorded a €36 billion current account surplus in June 2025, up from €32 billion in May, supported by solid surpluses in goods, services and primary income.
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Goods posted a €23 billion surplus, services €16 billion, and primary income €14 billion, while secondary income registered a –€17 billion deficit.
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Over the 12 months to June 2025, the current account surplus narrowed to €318 billion (2.0% of GDP) from €386 billion (2.6%) a year earlier, mainly due to a swing in primary income (from +€43 billion to –€7 billion) and a larger secondary income deficit.
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Goods surplus over the same period increased to €367 billion (from €354 billion), partly offsetting a decline in the services surplus (to €144 billion from €158 billion).
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Euro area residents made €814 billion in net purchases of non-euro area portfolio securities in the 12 months to June, while non-residents bought €749 billion in euro-area portfolio instruments.
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Direct investment flows turned more positive, with euro area residents making €261 billion in net investments abroad (vs –€230 billion a year earlier) and non-residents investing €184 billion in euro-area assets (vs –€374 billion the year before).