India, Oct. 20 -- The euro area current account surplus declined sharply to the lowest since early 2023 in August, the European Central Bank reported Tuesday.
The current account surplus fell to EUR 9 billion from EUR 27 billion in the previous month. This was the lowest since January 2023, when the surplus was EUR 5.7 billion.
The surplus on goods trade declined notably to EUR 18 billion from EUR 34 billion in July. Meanwhile, the surplus on services rose moderately to EUR 13 billion from EUR 12 billion a month ago.
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