RTTNews - Friday, a report released by Eurostat said the trade surplus in the Eurozone stood at EUR 1.9 billion in May, on an unadjusted basis, narrowing from a surplus of EUR 2.7 billion in the preceding month. Economists expected the trade balance to be flat.
Exports fell 24% year-on-year in May to EUR 97.7 billion, slower than a 26% fall in the preceding month. Imports were down 27% annually to EUR 96.8 billion in May, at the same pace as in April. Compared to the previous month, the seasonally adjusted exports dropped 2.7%, while imports fell 2.8%.
On a seasonally adjusted basis, the trade surplus expanded to EUR 0.8 billion in May from EUR 0.7 billion in the preceding month. This came in line with economists' expectations.
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