Eurozone May trade balance €8.0 billion vs €4.5 billion expected

Author: Justin Low | Category: News

Latest data released by Eurostat - 16 July 2020

  • Prior €1.2 billion; revised to €1.6 billion
  • Non-seasonally adjusted trade balance €9.4 billion
  • Prior €2.9 billion
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The trade surplus improved after the narrowing in April but it is all about the details. Exports jumped by 7.8% m/m while imports also went up by 3.2% m/m. That said, the overall levels are still considerably lower as compared to pre-virus trade conditions:

*figures are in billions of euros
 
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