Current account surplus increases in May

Latest reading: The current account recorded a EUR 6.4 billion surplus in May, improving from the EUR 1.4 billion surplus booked in April (May 2024: EUR 6.4 billion surplus). Meanwhile, in the 12 months leading up to May, the current account posted a EUR 44.7 billion surplus, compared to the EUR 44.6 billion surplus clocked in April. The merchandise trade balance improved from the previous month, recording a EUR 2.5 billion shortfall in May (April: EUR 3.9 billion deficit). Merchandise exports increased 0.8% year-on-year in May (April: -4.4% year-on-year). Meanwhile, merchandise imports climbed 1.3% on an annual basis in May (April: -5.8% yoy).

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