The eurozone trade surplus widened in August 2002 from a year earlier as imports fell at a greater pace than exports Initial figures from Eurostat this morning estimate that the eurozone trade surplus with the rest of the world rose to E9.6bn in August, from E5.5bn the same month the previous year
The statistics office said that exports in August totalled E81.8bn, almost unchanged from a year earlier, while imports fell to E72.1bn from E76.5bn However, the August surplus was well down on July's figure, when the surplus hit E14bn. The month-on-month decline to August was due to a 13pc drop in exports. In July, the 12 nations of the eurozone exported goods and services worth in excess of E94bn
The statistics office also reported that the EU as a whole posted a trade surplus of E2.3bn in August, compared with a E2.7bn deficit a year earlier. It said trade flows between the EU and its major partners, the US and Japan, have decreased this year, with levels of both imports and exports declining //www.fxcentre.com