Eurozone: Trade surplus shrank, imports increased

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The eurozone’s trade surplus fell more than expected in September as import growth continued to outpace exports, according to data from the European Union’s statistics office.

The eurozone trade surplus of goods stood at 7.3 billion euros in September, down sharply from the 24.1 billion euros recorded in the corresponding month last year.

Estimates spoke of a trade surplus of 8.9 billion euros.

The surplus decreased as the increase in imports by 21.6% exceeded the increase by 10% in exports.

Adjusted for seasonal fluctuations, the trade surplus stood at 6.1 billion euros in September compared to 9.7 billion euros in August, Eurostat said.

Eurozone exports decreased by 0.4% compared to the previous month, while imports increased by 1.5%.

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Source From: Capital

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