Latest data released by Eurostat - 16 October 2018
- Prior €12.8 billion; revised to €12.6 billion
- Non-seasonally adjusted trade balance €11.7 billion
- Prior €17.6 billion
As mentioned in the data docket preview, this is very much low-tier data as we already had German and French trade figures earlier in the month and they account for majority of Eurozone trade.
Of note, the trade surplus to the US continues to grow with the year-to-date August 2018 figure sitting at €89.9 billion. That's 20% higher than what it was in year-to-date August 2017, which was €74.7 billion. And the threat of tariffs on EU autos looks to be even harder to deny at this point.
