Eurozone posts EUR 12.4B trade surplus, EU faces export weakness to US, China

Eurozone trade data were stable in July, with exports edging up 0.4% yoy to EUR 251.5B while imports rose 3.1% yoy to EUR 239.1B. That produced a EUR 12.4B surplus. Intra-Eurozone trade grew 1.9% yoy to EUR 226.1B. The numbers reflect the bloc’s continued reliance on internal demand to cushion against weaker global flows. The […]

The post Eurozone posts EUR 12.4B trade surplus, EU faces export weakness to US, China appeared first on Action Forex.