EUROZONE TRADE SURPLUS DIPS IN JANUARY

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Money Market Guru — Eurozones seasonally adjusted trade surplus dropped to EUR 15.7 billion in January from EUR 23.1 billion in December, as exports declined and imports increased, figures from Eurostat showed Friday. Exports dropped 0.6 percent from December, while imports grew 4.1 percent.

On a non-seasonally adjusted basis, euro area trade surplus decreased to EUR 0.6 billion in January from EUR 4.8 billion a year ago. Exports grew 13 percent year-on-year and imports climbed 17 percent. In 2016, Eurozone trade surplus was EUR 271.9 billion versus EUR 238.7 billion in 2015. Exports were broadly unchanged, imports declined 2 percent. — Money Market Guru — Pia

EUROZONE TRADE SURPLUS DIPS IN JANUARY | Money Market Guru