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- Eurozone trade surplus rises in May
Eurozone trade surplus rises in May
Eurozone's trade in goods with the rest of the world resulted in a surplus in May, which was higher than a month earlier, data from Eurostat revealed Tuesday.
The trade surplus rose to EUR 15.2 billion in May from a downwardly revised EUR 14.1 billion in April. A year earlier, the surplus amounted to EUR 6.6 billion.
The seasonally adjusted exports fell 2.3 percent month-on-month in May and imports decreased 2.2 percent.
Exports remained unchanged in May from a year earlier. This followed a 9 percent year-on-year growth in April. Imports rose fell 6 percent annually, after a 2 percent growth in April.
Extra-EU27 trade balance was a EUR 15.8 billion surplus in May, compared with a surplus of EUR 8.8 billion in April and a deficit of EUR 4.9 billion in May 2012.
Exports by EU 27 rose 7 percent year-on-year while imports fell 7 percent. EU's exports fell 1.5 percent month-on-month and and imports decreased 2.1 percent.
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