Eurozone August current account balance -€26.3 billion vs -€19.9 billion prior | Forexlive

• Prior -€19.9 billion

On a seasonally adjusted basis, the deficit in the euro area current account widened to another record with the deficit in goods traded (-€21 billion) being the main contributor once again. As mentioned last month, it is but another sign that the Russia-Ukraine conflict is continuing to weigh on Europe’s economy as its its import bill for raw materials has been pushed up significantly.