Euro zone trade deficit turns into surplus in June as the reading came in at 2.4 billion euros compared with the prior deficit of 3.4 billion euros which was revised to 3.3 billion euros deficit, while analysts expected 1.0 billion euros surplus.

The seasonally adjusted reading for the same month showed a narrowed deficit to 1.6 billion euros compared with the revised deficit of 2.7 billion euros from the initial deficit of 3.0 billion euros, yet lower than forecasts of 0.7 billion euros deficit.