FXstreet.com (Barcelona) - Euro Area's trade balance with the rest of the world has dipped into deficit in November, as exports fell practically twice as much as imports did, according to figures by Eurostat.
Euro Area's trade balance has posted a EUR 7.0 billion deficit in November, compared to the EUR 2.3 billion surplus posted in the same month last year. October's trade surplus has been downwardly revised to a final EUR 0.5 billion from the EUR 0.9 billion previously estimated.
In seasonally adjusted terms, imports fell by 4.7% from October to November, while imports declined 2.5% in the same period. Year on year, exports have posted a 10% decline in November, while imports fell 4%.