The eurozone recorded a trade surplus of E9.5bn in September compared to a E10bn surplus in August and a E4.1bn surplus a year earlier, according to figures released by EU statistics office Eurostat today. The figure came in higher than expected, with most economists forecasting a September trade surplus of E8.2bn. Eurostat said it has revised its figure for August up to E10bn from the earlier reported figure of E9.6bn. Eurostat also released figures for industrial output, which showed eurozone productivity was down a less than expected 0.2pc in September compared with August and was down 0.6pc year-on-year.
Eurostat revised down industrial output for August to a rise of 0.2pc from a rise of 0.6pc. Economists had forecast a month-on-month fall for September of 0.4pc and a year-on-year fall of 0.6pc. Month-on-month production of intermediate goods in September was down 0.8pc, energy goods production was flat, capital goods down 0.6pc, durable consumer goods down 0.1pc and non-durables down 0.4pc. //www.fxcentre.com