The euro area current account surplus declined to a seasonally adjusted EUR 13.7 billion in September from EUR 17.9 billion in August, the European Central Bank reported Monday.

Data showed that the surplus on goods trade decreased to EUR 13.7 billion from EUR 14.7 billion in August. Likewise, the surplus on services fell to EUR 7.6 billion in September from EUR 8.2 billion.

Further, income declined to EUR 2.5 billion from EUR 4.8 billion in August. Partially offsetting the surplus, the shortfall on current transfers widened to EUR 10.1 billion from EUR 9.7 billion in the prior month.

However, on an unadjusted basis, the current account surplus increased to EUR 14 billion from EUR 12.4 billion in August.

In the financial account, combined direct and portfolio investment recorded net outflows of EUR 12 billion in September, as a result of net outflows for both direct investment and portfolio investment, the ECB said.