Eurozone's current account surplus surged in June.

On August 20th, Jinshi data reported that data released in Europe on Tuesday showed that the current account surplus of the eurozone expanded in June due to a decrease in imports and an increase in primary income. Primary income includes profits from overseas investments, interest, and dividends. In June, the eurozone’s adjusted trade surplus increased from 37.6 billion euros in the previous month to 50.5 billion euros, and the unadjusted trade surplus increased from 10.3 billion euros to 52.4 billion euros. In the 12 months ending in June, the eurozone’s current account surplus as a percentage of GDP increased from 0.2% to 2.5%, mainly due to the drop in natural gas prices and the drop in energy import costs.