EMU DATA: Sep SA trade balance +E11.3bn vs Aug revised +E8.9bn (+E9.9bn)
–Sep SA trade balance above all forecasts (MNI median +E8.5bn)
–3Q SA trade balance +E9.1bn vs 2Q +E7.0bn
–Sep NSA trade balance +E9.8bn vs Sep2011 +E1.7bn
–Sep exports: SA -1.1% m/m, NSA +1.0% y/y
–Sep imports: SA -2.7% m/m, NSA -4.0% y/y
–3Q SA exports +1.5% q/q; imports +0.1% q/q
–See MNI Mainwire for details