Germany’s current account surplus narrowed in May 2026, with the non–seasonally adjusted balance slipping to €10.4 billion from €13.8 billion in April 2026, according to data updated on 13 July 2026.
The May reading points to a moderation in Germany’s external surplus compared with the prior month. While the country continues to post a positive current account balance, the lower figure suggests a weakening net inflow from trade in goods and services, primary income, and transfers relative to April.
Analysts and market participants will be watching subsequent releases closely to assess whether May’s decline marks the start of a broader trend or a temporary easing following April’s stronger surplus. The latest numbers remain a key indicator for evaluating Germany’s external position and its role within the broader euro area balance of payments.
