FXstreet.com (Barcelona) - Euro Zone's trade surplus has narrowed in November, to a lower than expected reading from a sharply upward revised figure in October, according to data by the European Central Bank.
Trade surplus declined to 1.3 billion euro in November from 1.9 billion euro in October, upwardly revised from the 0.6 billion surplus initially released. November's reading has been weaker than the 1.7% trade surplus posted in October.
Euro Zone's trade with the rest of the world posted a 7.6 billion surplus in goods trade, a 2.2 billion surplus in services trade and a 10.1 billion deficit in current transfers. Income transfer has thrown a 1.6 billion surplus.
On the past 12 months the accumulated current account surplus reached 28.3 billion.