Euro-Zone CPI grows as expected, but trade surplus falls short of forecasts

on January 15 2010 5:32 AM

FXstreet.com (Barcelona) - The European Monetary Union released mixed economic data today with the consumer price index showing inflation has reached a 10-month year-over-year high at 0.9%, as experts had predicted, while the trade surplus fell beyond expectations to €4.8B.

The Euro-Zone's consumer price index grew 0.3% in December, up from 0.1% in November. In annual terms, prices increased by the aforementioned 0.9% above the 0.5% registered the previous month. Both figures for December are right in line with the consensus forecasts.

The trade surplus for the Euro-Zone in non-seasonally adjusted terms was €4.8B for last November. This represents a fall from the €8.8B surplus in October 2009 and is well under predictions of a more modest decline to €7.0B.

In a wider perspective, the November 2009 trade surplus still is a major gain in yearly terms when compared to the €7.0B deficit seen in the same month of the previous year.

In seasonally adjusted terms, the trade surplus fell to €3.9B in November, down from October's €6.6B and once again falling short of predictions in the €5.3B range.

.

More News from IBT MEDIA