Brussels: The European Central Bank (ECB) announced Monday that the eurozone’s current account surplus fell to its lowest level since early 2023 in August, due to a decline in the goods trade surplus.

According to Qatar News Agency, the eurozone’s current account surplus dropped to pound 12 billion ($14 billion) in August from pound 30 billion in July. This marks the lowest level since April 2023, when the surplus was recorded at pound 10 billion.

The goods trade surplus decreased significantly, registering a pound 15 billion surplus compared to pound 25 billion in July. Meanwhile, the services sector saw a minor change, with its surplus falling to pound 14 billion from pound 13 billion the previous month.

In terms of primary income, a deficit of pound 1 billion was recorded in August, contrasting with an pound 8 billion surplus in the previous month.