FX.co ★ Euro Area Current Account Surplus Narrows in January

The Euro Area's current account surplus decreased significantly to €13.2 billion in January 2025, compared to €26.5 billion in the same month the previous year. This decline was primarily due to a reduction in the goods surplus, which dropped to €15.4 billion from €27.2 billion, and an expansion in the secondary income deficit, which increased to €15.6 billion from €12.6 billion. Conversely, the services surplus saw a slight rise to €7.9 billion, up from €7.5 billion, and the primary income surplus increased to €5.5 billion from €4.3 billion. When adjusted for seasonal variations, the current account surplus declined to €35.4 billion in January from €38.4 billion in December.