According to the report from European Central Bank (ECB), the current account of the euro area recorded a surplus of €21 billion in April 2019, a decrease of €4 billion from the previous month. Surpluses were recorded for goods (€22 billion), services (€6 billion) and primary income (€4 billion). These were partly offset by a deficit for secondary income (€12 billion).
In the 12 months to April 2019, the current account recorded a surplus of €315 billion (2.7% of euro area GDP), compared with a surplus of €391 billion (3.4% of euro area GDP) in the 12 months to April 2018. This decline was driven mainly by smaller surpluses for goods (down from €324 billion to €274 billion) and services (down from €111 billion to €98 billion), and by a larger deficit for secondary income (up from €138 billion to €156 billion). These developments were partly offset by a larger surplus for primary income (up from €93 billion to €98 billion).