Eurozone's current account surplus rises 12.9% in June

The Eurozone recorded a significant increase in its current account surplus in June, reporting a surplus of 35 billion euros. This figure represents a 12.9% rise compared to June of the previous year and a 34.6% increase from May of the same year, according to data from the European Central Bank (ECB).

On a cumulative basis over twelve months, the Eurozone's current account surplus stood at 276 billion euros as of June 2026. This amount is equivalent to 1.7% of the Eurozone's Gross Domestic Product (GDP). However, this represents a decrease from the 305 billion euros (2% of GDP) recorded in the twelve months ending June 2025.

The annual decline in the cumulative surplus is primarily attributed to two factors: a reduction in the surplus recorded for goods and an increase in the deficit related to secondary income. Specifically, the balance for goods showed a surplus of 18 billion euros in June, down from 24 billion euros a year earlier. The primary income balance, however, saw a substantial increase, moving from an 8 billion euro surplus to 17 billion euros.

In terms of services, the Eurozone maintained a surplus, which grew to 16 billion euros in June, up from 14 billion euros in the prior year. Conversely, the secondary income balance registered a deficit of 16 billion euros in June, an increase from the 15 billion euro deficit recorded in June 2025.

The financial account also saw activity, with Eurozone residents making net acquisitions of portfolio investment securities from outside the zone amounting to 820 billion euros in June, a slight decrease from 862 billion euros a year earlier. For non-residents, net acquisitions of Eurozone portfolio investment securities totaled 1.123 trillion euros in the twelve months ending June 2026, a notable increase from 803 billion euros in the same period the previous year.