The eurozone’s trade surplus fell more than expected in October as imports continued to outpace exports, according to Eurostat.
The eurozone trade surplus stood at 3.6 billion euros in October, down sharply from 29.8 billion euros a month ago.
The figures were lower than estimates, which expected the surplus to reach 3.9 billion euros.
The surplus decreased as imports increased by 24.1% and exports by 7.3%, on an annual basis.
Adjusted for seasonal changes, the trade surplus stood at 2.4 billion euros in October compared to 6.1 billion euros in September.
Eurozone exports on a monthly basis increased by 2.4% compared to the previous month, while imports increased by 4.3%.
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Source From: Capital
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