Eurozone Trade Surplus Rises In October

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The euro area trade balance with the rest of the world in October rose to a seasonally adjusted EUR 6.3 billion from a revised EUR 4.3 billion in September, the Eurostat reported Friday. The expected shortfall for October was EUR 5.7 billion.

Month-on-month, exports were down slightly by 0.2% compared to an increase of 4.8% in September. At the same time, imports recorded a monthly fall of 2.2%, reversing last month's 2.8% growth.

On an unadjusted basis, the trade surplus totaled EUR 8.8 billion in October, much larger than September's EUR 0.9 billion and consensus forecast of EUR 5.8 billion. During the same period of last year, the balance was in EUR 1.2 billion deficit.

The euro area trade balance with the rest of the world in October rose to a seasonally adjusted EUR 6.3 billion from a revised GBP 4.3 billion in September, the Eurostat reported Friday. (Market News Provided by RTTNews)