Investing.com - The euro zone’s trade surplus widened more than expected in September, official data showed on Monday.
In a report, Eurostat said the trade surplus rose to a seasonally adjusted €17.7 billion in September from a surplus of €15.4 billion in August. Analysts had expected the euro zone’s trade surplus to widen to €16.0 billion.
Imports rose to €147.1 billion from €142.8 billion in August, while exports increased to €164.9 billion in September from €158.2 billion.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.29% to trade at 1.2491.
Meanwhile, European stock markets remained lower. The DJ Euro Stoxx 50 dipped 0.3%, France’s CAC 40 slumped 0.25%, London’s FTSE 100 inched down 0.2%, while Germany's DAX declined 0.35%.
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Euro zone trade surplus widens to €17.7 billion in September
Published 11/17/2014, 05:37 AM
Updated 11/17/2014, 05:37 AM
Euro zone trade surplus widens to €17.7 billion in September
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