Eurozone October trade balance €24.5 billion vs €20.0 billion expected
Latest data released by Eurostat - 17 December 2019
- Prior €18.3 billion; revised to €18.7 billion
- Non-seasonally adjusted trade balance €28.0 billion
- Prior €18.7 billion
Exports climbed by 2.1% on the month - reflecting a similar boost seen in France and Germany - while imports declined by 0.9% on the month, resulting in the larger trade surplus.
The bright side is that there is some nascent signs of a recovery in euro area exports over the past three months and that will provide some encouragement as we look towards the economic outlook for next year.