In June 2019 the current account of the euro area recorded a surplus of €18 billion, compared with a surplus of €30 billion in May 2019.[1] In the 12-month period to June 2019, the current account recorded a surplus of €318 billion (2.7% of euro area GDP), down from €391 billion (3.4% of euro area GDP) in the 12 months to June 2018. In the financial account, euro area residents made net acquisitions of foreign portfolio investment securities totalling €58 billion in the 12-month period to June 2019 (decreasing from €484 billion in the 12-month period to June 2018). Non-residents’ net purchases of euro area portfolio ... (full story)