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Euro Area EUR

Euro Area Current Account

Info

History

Chart

Impact:

Low

Source: European Central Bank

Latest Release:

Date:

Surprise:

€-4B

Actual:

€32B

Forecast: €36B

Previous/Revision:

€38.1B

Period: Oct

Next Release:

Date:

Period: Nov

What Does It Measure?

The Euro Area Current Account measures the balance of trade in goods and services, net income from abroad, and current transfers, explicitly reflecting the economic transactions between residents and non-residents. This indicator focuses on the net inflows and outflows of euros from the Eurozone, including exports, imports, income receipts, and transfers, thus providing insight into the overall economic health of the Euro Area.

Frequency

The Euro Area Current Account is released quarterly, typically providing final figures about 70 days after the end of the reference quarter.

Why Do Traders Care?

Traders closely monitor the Current Account as it indicates the economic stability and competitiveness of the Eurozone, affecting the euro's strength relative to other currencies. A surplus can bolster the euro and lead to bullish sentiments in the equities market, while a deficit may weaken the currency and negatively impact stocks.

What Is It Derived From?

The Current Account is derived from detailed national accounts data collected from Eurozone member countries, which include information on trade balances, foreign investments, and transfers. It involves comprehensive surveys of transactions and data reporting from national statistical agencies and central banks, ensuring accuracy and consistency across the region.

Description

The Euro Area Current Account is a crucial indicator for understanding trade dynamics, foreign investment flows, and the overall economic wellbeing of the Eurozone. Preliminary reports can show early estimates based on gathered data, while final reports provide a corrected and comprehensive view based on revised statistics, essential for assessing the evolving economic landscape.

Additional Notes

This indicator serves as a leading economic measure, indicating future economic performance based on trade activity and investment inflows. It offers insights into how the Eurozone compares with global trends and other regions, providing a barometer for future economic stability and policy decisions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 19, 2025	€32B	€36B	€38.1B	€-4B
Nov 19, 2025	€38.1B	€34B	€22.3B	€4.1B
Oct 20, 2025	€13B	€25.1B	€36.9B	€-12.1B
Sep 18, 2025	€35B	€32.4B	€38.9B	€2.6B
Aug 19, 2025	€38.9B	€30B	€0.04B	€8.9B
Jul 18, 2025	€1B	€15.1B	€18B	€-14.1B
Jun 18, 2025	€19.3B	€59.5B	€60.1B	€-40.2B
May 20, 2025	€60.1B	€27B	€38.6B	€33.1B
Apr 16, 2025	€33.1B	€19.5B	€18B	€13.6B
Mar 21, 2025	€13.2B	€37B	€50.5B	€-23.8B
Feb 19, 2025	€50.5B	€32B	€32.7B	€18.5B
Jan 17, 2025	€34.6B	€33B	€32B	€1.6B
Dec 19, 2024	€32B	€33B	€51.5B	€-1B
Nov 19, 2024	€51.5B	€33B	€38.8B	€18.5B
Oct 18, 2024	€35.2B	€51B	€49.3B	€-15.8B
Sep 19, 2024	€48B	€33B	€52.4B	€15B
Aug 20, 2024	€52.4B	€25B	€10.3B	€27.4B
Jul 19, 2024	€9.6B	€14B	€34.4B	€-4.4B
Jun 19, 2024	€34.4B	€37B	€44.5B	€-2.6B
May 21, 2024	€44.5B	€32B	€31.1B	€12.5B
Apr 18, 2024	€31.6B	€32B	€24.8B	€-0.4B
Mar 21, 2024	€24.87B	€15B	€42.66B	€9.87B
Feb 20, 2024	€42.66B	€45B	€31.4B	€-2.34B
Jan 18, 2024	€31.7B	€39B	€28.4B	€-7.3B
Dec 20, 2023	€30.05B	€37B	€40.78B	€-6.95B
Nov 17, 2023	€40.78B	€25B	€33.74B	€15.78B
Oct 19, 2023	€30.7B	€23B	€26.9B	€7.7B
Sep 19, 2023	€26.85B	€28B	€36.77B	€-1.15B
Aug 22, 2023	€36.77B	€22B	€-12.5B	€14.77B
Jul 20, 2023	€-11.3B	€9.1B	€4.3B	€-20.4B
Jun 20, 2023	€4.2B	€25.1B	€45B	€-20.9B
May 23, 2023	€45B	€15.1B	€21.4B	€29.9B
Apr 19, 2023	€21.27B		€-0.71B
Apr 19, 2023	€-0.71B	€-1.2B	€16.77B	€0.49B
Feb 17, 2023	€28.9B	€-9B	€12.72B	€37.9B
Jan 19, 2023	€13.41B	€-3.7B	€-4.5B	€17.11B
Dec 20, 2022	€-4.39B	€-16B	€3.81B	€11.61B
Nov 22, 2022	€3.81B	€-11.2B	€-20.8B	€15.01B
Oct 20, 2022	€-20.21B	€-16.5B	€-8.63B	€-3.71B
Sep 20, 2022	€-10.1B	€-12.2B	€3.24B	€2.1B
Aug 19, 2022	€3.24B	€19B	€-19.4B	€-15.76B
Jul 20, 2022	€-15.4B	€-3B	€-3.6B	€-12.4B
Jun 21, 2022	€-5.4B	€16B	€8.66B	€-21.4B
May 19, 2022	€8.66B	€23B	€6.5B	€-14.34B
Apr 22, 2022	€11.43B	€-2.3B	€-2.55B	€13.73B
Mar 22, 2022	€-1.7B	€23B	€35.65B	€-24.7B
Feb 18, 2022	€35.65B	€18B	€25.85B	€17.65B
Jan 19, 2022	€26B	€21.5B	€21.8B	€4.5B
Dec 20, 2021	€20.5B	€21.7B	€26.9B	€-1.2B
Nov 19, 2021	€26.9B	€32B	€20.9B	€-5.1B
Oct 20, 2021	€17.6B	€25.1B	€31.2B	€-7.5B
Sep 17, 2021	€30.2B	€29.1B	€24B	€1.1B
Aug 19, 2021	€24B	€24.4B	€6.5B	€-0.4B
Jul 20, 2021	€4.3B	€19.5B	€30.6B	€-15.2B
Jun 18, 2021	€31.4B	€18.5B	€31B	€12.9B
May 20, 2021	€31B	€25.1B	€13.2B	€5.9B
Apr 19, 2021	€13.3B	€19.1B	€5.6B	€-5.8B
Mar 22, 2021	€5.8B	€34.3B	€51.9B	€-28.5B
Feb 19, 2021	€51.9B	€32B	€27.3B	€19.9B
Jan 19, 2021	€26.8B	€29B	€33B	€-2.2B
Dec 18, 2020	€34.1B	€36.2B	€33.5B	€-2.1B
Nov 19, 2020	€33.5B	€27.6B	€20.4B	€5.9B
Oct 20, 2020	€21.8B	€26.8B	€25.5B	€-5B
Sep 18, 2020	€25.5B	€29B	€17.3B	€-3.5B
Aug 19, 2020	€17.3B	€27.5B	€-7.4B	€-10.2B
Jul 20, 2020	€-10.5B	€14.5B	€9.9B	€-25B
Jun 19, 2020	€10.2B	€26.8B	€40.7B	€-16.6B
May 20, 2020	€40.7B	€27.1B	€33.8B	€13.6B
Apr 20, 2020	€33.8B	€18.4B	€10.5B	€15.4B
Mar 20, 2020	€8.7B	€20.5B	€51.2B	€-11.8B
Feb 19, 2020	€51.2B	€42.4B	€35.2B	€8.8B
Jan 17, 2020	€36.6B	€32.2B	€44.4B	€4.4B
Dec 20, 2019	€41B	€26.7B	€35.8B	€14.3B
Nov 19, 2019	€35.8B	€23.4B	€27.6B	€12.4B
Oct 18, 2019	€25.7B	€17.6B	€31.4B	€8.1B
Sep 19, 2019	€29.8B	€26.2B	€23.1B	€3.6B
Aug 19, 2019	€23.1B	€24.6B	€13.5B	€-1.5B
Jul 19, 2019	€13.3B	€12.5B	€20.7B	€0.8B
Jun 19, 2019	€19.2B	€10.6B	€35.1B	€8.6B
May 20, 2019	€35.1B	€34.5B	€16.7B	€0.6B
Apr 17, 2019	€15.5B	€17.2B	€10.6B	€-1.7B
Mar 22, 2019	€9.3B	€6.5B	€33B	€2.8B
Feb 19, 2019	€33B	€36.2B	€25.6B	€-3.2B
Jan 18, 2019	€23.2B	€25.1B	€30.4B	€-1.9B
Dec 20, 2018	€26.6B	€21.7B	€24.7B	€4.9B
Nov 19, 2018	€24.07B	€41.4B	€20.9B	€-17.33B
Oct 19, 2018	€20.5B	€21.4B	€30B	€-0.9B
Sep 19, 2018	€31.9B	€22.4B	€28.8B	€9.5B
Aug 17, 2018	€28.5B	€23.2B	€6.6B	€5.3B
Jul 20, 2018	€4.6B	€17.4B	€27.3B	€-12.8B
Jun 19, 2018	€26.2B	€22.5B	€41.3B	€3.7B
May 18, 2018	€40.6B	€47.1B	€24.2B	€-6.5B
Apr 19, 2018	€22.7B	€27.2B	€12.6B	€-4.5B
Mar 22, 2018	€12.8B	€9.1B	€46.8B	€3.7B
Feb 19, 2018	€45.8B	€40.9B	€40.1B	€4.9B
Jan 19, 2018	€37.8B	€35.9B	€35.4B	€1.9B
Dec 20, 2017	€35.9B	€34.2B	€43.2B	€1.7B
Nov 17, 2017	€41.8B	€30.2B	€30.8B	€11.6B
Oct 20, 2017	€29.6B	€26.2B	€37.1B	€3.4B
Sep 19, 2017	€32.5B	€32.6B	€29.8B	€-0.1B
Aug 18, 2017	€28.1B	€37.4B	€17.9B	€-9.3B
Jul 20, 2017	€18.3B	€20.8B	€22.8B	€-2.5B
Jun 20, 2017	€21.5B	€43.6B	€46.4B	€-22.1B
May 19, 2017	€44.8B	€39.8B	€27.8B	€5B
Apr 21, 2017	€27.9B	€14.2B	€3.1B	€13.7B
Mar 22, 2017	€2.5B	€11.5B	€46.9B	€-9B
Feb 17, 2017	€47B	€46.4B	€40.8B	€0.6B
Jan 19, 2017	€40.5B	€33.4B	€32.6B	€7.1B
Dec 20, 2016	€32.8B	€32B	€32.2B	€0.8B
Nov 18, 2016	€29.8B	€36B	€22.9B	€-6.2B
Oct 20, 2016	€23.6B	€22B	€33.8B	€1.6B
Sep 19, 2016	€31.5B	€39B	€39.1B	€-7.5B
Aug 18, 2016	€37.6B	€34B	€16.5B	€3.6B
Jul 20, 2016	€15.4B	€20.8B	€36.1B	€-5.4B
Jun 17, 2016	€34B	€15.1B	€31.3B	€18.9B
May 20, 2016	€32.3B	€22.1B	€11.2B	€10.2B
Apr 19, 2016	€11.1B	€21.8B	€8.3B	€-10.7B
Mar 21, 2016	€6.3B	€21.3B	€44.8B	€-15B
Feb 18, 2016	€41.4B	€26.8B	€30.3B	€14.6B
Jan 19, 2016	€29.8B	€22.2B	€27.5B	€7.6B
Dec 18, 2015	€25.9B	€34.3B	€33.8B	€-8.4B
Nov 19, 2015	€33.1B	€14.8B	€14.6B	€18.3B
Oct 20, 2015	€13.7B	€27.7B	€37.9B	€-14B
Sep 18, 2015	€33.8B	€28.9B	€30.6B	€4.9B
Aug 19, 2015	€31.1B	€19.7B	€4.3B	€11.4B
Jul 20, 2015	€3.4B	€23.2B	€22B	€-19.8B
Jun 19, 2015	€20.4B	€21.1B	€24.4B	€-0.7B
May 21, 2015	€24.9B	€6.3B	€14.7B	€18.6B