22 January 2003, 09:31  Eurozone trade surplus widens to E10bn

The eurozone trade surplus widened to E10bn in November as imports declined due to weaker consumer demand in Europe The provisional trade surplus compares to a surplus pf E6.4bn a year earlier and a revised surplus of E9.4bn in October, EU statistics office Eurostat said Economists had forecast a provisional trade surplus of E9.0bn.
Imports to the eurozone fell 3pc to E83.1bn in November from a year earlier, while exports edged up 1pc to E93bn, Eurostat said The EU as a whole posted a surplus of less than E1bn, dragged down by a E56bn deficit in the UK. For the 11 months to November, the eurozone posted a E95.2bn surplus against a year earlier surplus of E40.7bn. For the first ten months of the year, the US remained the EU's biggest trade partner, followed by Switzerland and China //www.fxcentre.com

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