FOREX TradingCharts.com

Financial News: Eurozone Current Account Deficit Biggest Since 2008

Eurozone Current Account Deficit Biggest Since 2008

09/20/2022 - 08:22:00 (RTTNews)

(RTTNews) - The euro area current account balance showed the biggest deficit since late 2008, data published by the European Central Bank showed on Tuesday.

The current account registered an unexpected deficit of EUR 19.86 billion in July, in contrast to a surplus of EUR 4.24 billion in June. Economists had forecast a surplus of EUR 5.3 billion.

Moreover, this deficit was the biggest since November 2008, when the shortfall totaled EUR 26.38 billion.

Data showed that the trade in goods resulted in a deficit of EUR 18 billion after showing a zero balance in June. At the same time, the surplus on services fell to EUR 10 billion from EUR 18 billion.

Primary income dropped to EUR 3 billion from EUR 4 billion, while the secondary income posted a negative balance of EUR 15 billion versus a EUR 17 billion deficit in June.

In twelve months to July, the current account surplus totaled EUR 63 billion or 0.5 percent of euro area GDP, down from EUR 370 billion or 3.1 percent a year earlier.

In financial account, euro area residents' net acquisitions of non-euro area portfolio investment securities totaled EUR 74 billion and non-residents' net sales of euro area portfolio investment securities totaled EUR 138 billion in twelve months to July.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Trade Data On Tap For Thursday (43 min(s), 18 sec(s) ago)
(RTTNews) - Australia will on Thursday release August numbers for imports, exports and trade balan ...Full Story»

Ireland Jobless Rate Remains Stable In September (07 hr(s), 45 min(s), 18 sec(s) ago)
(RTTNews) - Ireland's unemployment rate held steady in September, after rising slightly in the ...Full Story»

Brazil Industrial Production Falls As Expected (08 hr(s), 02 min(s), 18 sec(s) ago)
(RTTNews) - Brazil's industrial production declined as expected in August after rebounding in ...Full Story»

U.S. Services Index Indicates Slightly Slower Growth In September (08 hr(s), 08 min(s), 18 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest sl ...Full Story»

U.S. Trade Deficit Narrows To Smallest In Over A Year In August (08 hr(s), 22 min(s), 18 sec(s) ago)
(RTTNews) - With the value of imports showing a notable decrease, the Commerce Department released ...Full Story»

Philippines Inflation Highest In 4 Years (08 hr(s), 24 min(s), 18 sec(s) ago)
(RTTNews) - The Philippines' inflation increased to the highest level in four years, mainly le ...Full Story»

U.S. Private Sector Job Growth Slightly Exceeds Estimates In September (08 hr(s), 28 min(s), 18 sec(s) ago)
(RTTNews) - Private sector employment in the U.S. increased by slightly more than expected in the ...Full Story»

Brazil Services Growth At 16-Month Low (08 hr(s), 32 min(s), 18 sec(s) ago)
(RTTNews) - Brazil's service sector activity expanded at the weakest pace in the current 16-mo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Trade Data On Tap For Thursday

10/05/2022 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Thursday release August numbers for imports, exports and trade balan ...Full Story>>

Ireland Jobless Rate Remains Stable In September

10/05/2022 - 10:58 AM (RTTNews)
(RTTNews) - Ireland's unemployment rate held steady in September, after rising slightly in the ...Full Story>>

Brazil Industrial Production Falls As Expected

10/05/2022 - 10:41 AM (RTTNews)
(RTTNews) - Brazil's industrial production declined as expected in August after rebounding in ...Full Story>>

U.S. Services Index Indicates Slightly Slower Growth In September

10/05/2022 - 10:35 AM (RTTNews)
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest sl ...Full Story>>

U.S. Trade Deficit Narrows To Smallest In Over A Year In August

10/05/2022 - 10:21 AM (RTTNews)
(RTTNews) - With the value of imports showing a notable decrease, the Commerce Department released ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.