Mubasher: The Eurozone’s current account surplus grew in August compared with July, but it shrank over the 12-month period ended the reported month.

The Eurozone ran a current account surplus of EUR 27 billion ($29.98 billion) last August, compared with EUR 22 billion in the preceding month, the European Central Bank’s data (ECB) said on Friday.

However  , the Eurozone surplus declined to EUR 312 billion in the 12 months ended last August, accounting for 2.7% of the 19-member single currency bloc’s gross domestic product (GDP), compared with EUR 398 billion in the same period last year.

Goods, services, and primary income posted surpluses of EUR 28 billion, EUR 7 billion, and EUR 5 billion, respectively during August.

Meanwhile, secondary income saw a deficit of EUR 14 billion, partially offset those gains.

By 8:33 am GMT, the EUR/USD pair ticked up by 0.04% to $1.1129.