The euro-zone trade deficit narrowing

hpc

Member
97 0
The euro zone January trade deficit is reduced compared to the same period last year and the growth rate of exports surpass imports; added evidence of trade will push the economy towards recovery.
Eurostat published the 17 countries of the euro area non-seasonally adjusted trade deficit of 3.9 billion euros ($ 5.1 billion) in January, substantial reduction of 9.1 billion euros more than the same period last year, but slightly higher than the Reuters interviewers’ economist forecast of 3.5 billion euros.
Eurostat revised amount of trade surplus in December last year from the originally reported 11.7 billion euros to 10.8 billion euros, and state that last year's total trade surplus of 81.1 billion euros, better than the 2011 total of 16 billion euros of trade surplus; exports and imports increased by 7% and 2%, respectively compared with 2011.

By HPC Forex.
 

Mr. Crabs

Established member
598 3
The euro zone January trade deficit is reduced compared to the same period last year and the growth rate of exports surpass imports; added evidence of trade will push the economy towards recovery.
Eurostat published the 17 countries of the euro area non-seasonally adjusted trade deficit of 3.9 billion euros ($ 5.1 billion) in January, substantial reduction of 9.1 billion euros more than the same period last year, but slightly higher than the Reuters interviewers’ economist forecast of 3.5 billion euros.
Eurostat revised amount of trade surplus in December last year from the originally reported 11.7 billion euros to 10.8 billion euros, and state that last year's total trade surplus of 81.1 billion euros, better than the 2011 total of 16 billion euros of trade surplus; exports and imports increased by 7% and 2%, respectively compared with 2011.

By HPC Forex.

That trend may continue if the EUR (currency) continues to get devalued. It doesn't look like we've gotten close to the bottom yet. By 2015 the EUR could be worth 30% less than it is now, that would be a nearly 50% cut in EUR purchasing power since the US plunged into our most recent recesson.
 
 
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