Eurozone trade surplus unexpectedly jumps
By Benjamin Chiou
Date: Monday 18 Nov 2024
(Sharecast News) - The eurozone trade surplus more than trebled in September, according to figures from Eurostat on Monday.
The trade balance for the single-currency region increased to €12.5bn, compared with €4.1bn in August and 28% higher than the €9.8bn recorded in September 2023.
The consensus forecast was for a reading of €7.9bn.
Eurostat said eurozone exports were 0.6% higher than last September at €237.8bn, while imports declined by 0.6% to €225.3bn.
Meanwhile, the significant jump month-on-month was mainly driven by an increase of surplus for machineries and vehicles (from €9.7bn to €13.8bn) and a reduced deficit for energy (from -€25.7bn to -€22.3bn).
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