FX.co ★ Eurozone Current Account Surplus Narrows in May

In May 2025, the Eurozone saw its current account surplus reduce significantly to EUR 1 billion, down from EUR 7.3 billion recorded in the same month of the previous year. The surplus in services experienced a decline, falling to EUR 16.7 billion from EUR 22.2 billion. The shortfall in primary income increased, reaching EUR 34.8 billion compared to EUR 33.4 billion previously, while the deficit in secondary income expanded to EUR 11.9 billion, up from EUR 10.6 billion. In contrast, the surplus derived from goods increased to EUR 30.9 billion, an improvement from the prior year's figure of EUR 29.1 billion. Despite these changes, when adjusted for seasonal variations, the current account surplus grew to EUR 32.3 billion in May, marking an increase from April's EUR 18.6 billion.