+EUR 19.4bln prev

  • exports unadj yy +7.5%
  • imports unadj +2.8%
  • exports mm sa +1.9% vs -0.4% exp vs +1.3% prev
  • imports mm sa -1.3% vs +0.5% vs +1.3% prev

Euro not getting any love from this or the better industrial output data

Weaker import reading should be a concern even if exports easily beat expectations