The eurozone trade deficit fell for the second month in a row in December, following the November deficit for the first time since January 2014, according to Eurostat.
The eurozone trade deficit stood at 4.6 billion euros in December, compared with a surplus of 28.3 billion euros in the corresponding month of the previous year.
The figures are much lower than the estimates of economists, who expected a trade surplus of 10.6 billion euros.
The deficit was a result of a 36.7% increase in imports in December, surpassing the annual increase of 14.1% in exports.
Adjusted for seasonal changes, the trade deficit stood at 9.7 billion euros in December from a deficit of 1.8 billion euros in November.
Eurozone exports decreased by 0.6% compared to the previous month, compared to the increase in exports by 3.1%.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
