European trade surplus of 1.8 billion euros revised downwards to 0.3 billion euros turned into a deficit of 3.4 billion euros in May, worse than forecasts of 0.5 billion euros deficit.

The seasonally adjusted reading recorded a deficit of 3.0 billion euros compared with the preceding surplus of 1.4 billion euros revised to 0.1 billion euros, while analysts expected 0.8 billion euros surplus.