Eurozone February trade balance €19.5 billion vs €17.0 billion prior
Latest data released by Eurostat - 17 April 2019
- Prior €17.0 billion; revised to €17.4 billion
- Non-seasonally adjusted trade balance €17.9 billion
- Prior €1.5 billion
Of note, exports fell by 1.4% m/m while imports fell by 2.7% m/m resulting in the larger trade surplus seen here. But that's not the kind of way you'd want to grow your trade surplus. This highlights that external demand remains weak in light of global growth slowdown while domestic demand isn't as robust as European officials believe either.