Euro area trade deficit narrows sharply in September
By Alexander Bueso
Date: Tuesday 15 Nov 2022
(Sharecast News) - The European single currency bloc saw its shortfall on trade with the rest of the world narrow sharply at the end of the third quarter.
According to Eurostat, in seasonally adjusted terms, the euro area's trade surplus fell from -€47.6bn for August to -€37.7bn in September.
That was the result of a 1.6% month-on-month jump in exports to reach €250.0bn.
Imports on the other hand slipped by 2.0% when compared with August to €287.7bn.
In comparison to their year earlier levels, exports were ahead by 23.6% and imports by 44.5% in non-seasonally adjusted terms.
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