Euro area trade surplus at €17.6B in July

Economy 9/14/2018, 11:01 AM
Euro area trade surplus at €17.6B in July

Euro area trade recorded a €17.6 billion rise in goods traded with the rest of the world in July compared to the previous month, Eurostat's preliminary report revealed on Friday. Meanwhile, in the whole of the European Union (EU28) the surplus in trade in goods stood at €0.1 billion for the same period.

Eurozone exports of goods in July stood at €194.6 billion, an increase of 9.4% on an annual basis. On the other hand, the data showed a rise of 13.4% in euro area imports for the same month to €177.1 billion. Intra-euro area trade gained 9.3% in July to stand at €162.3 billion, marking a jump compared to the same month last year.

Exports for the whole of the EU added 9.6% to €170.4 billion in June while imports from the rest of the world were up 15.4% to €170.4 billion.

Breaking the News / BM