Latest data now out

  • €22.6bln prev revised down from €22.7bln
  • NSA €24.3bln vs €27.5bln exp vs €23.6bln prev
  • exports mm SA -0.3%, yy +3.0%
  • imports mm SA +0.8% , yy NSA +3.0%
  • 2015 trade surplus €64.2bln vs €13.3bln prev
  • imports +2%, exports +5%

Disappointing headline but more encouraging overall 2015 yearly showing.

Weaker imported energy prices cited as the key factor.

EURUSD 1.1197 going nowhere in a hurry but finding some support from decent euro- pair demand elsewhere.