Eurozone鈥檚 November trade surplus widens
Print Edition
The eurozone’s trade surplus widened in November because imports fell more sharply than exports, data from the European Union’s statistics office Eurostat showed yesterday, pointing to continued weakness of domestic demand.
The 17 countries sharing the euro last year had an external trade surplus, unadjusted for seasonal swings, of 17.1 billion euros (US$23.41 billion), in line with economists expectations.
It was above the 12.5 billion euros in the same period of last year and a revised 16.8 billion euro surplus in October, and for the first 11 months of 2013 it was 139 billion euros — almost double that of the same period in 2012.
Non-seasonally adjusted exports from the eurozone fell by 2 percent on the year in November after a 1 percent rise in October, while imports dropped by 5 percent, following a 3 percent contraction in October.
The UK remains the eurozone’s key business partner with cumulative exports for the January-November period up by 3 percent and imports down by 2 percent.
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