Eurozone July current account readings now out 19 Sept
- prev revised up from €21.2bln
- C/A NSA €32.5bln vs 29.8bln revised up from 28.1bln
- rolling 12mth surplus down to 3% of EZ GDP yy vs 3.5% prev
C/A surplus widening but annualised surplus remains on a downward trend as expected according to this latest ECB data
The ECB expects the surplus to ease to 2.9% of GDP this year vs 3.5% in 2016, then around 2.5% for next two years.
Eorozone C-A SA
