Euro Area Trade Surplus Widens in July
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in June 2012 gave a 14.9 bn euro surplus, compared with +0.2 bn in June 2011.
The May 2012 balance was +7.1 bn, compared with -0.9 bn in May 2011. In June 2012 compared with May 2012, seasonally adjusted exports rose by 2.4% and imports remained almost stable.
The largest surplus was observed in Germany (+74.7 bn euro in January-May 2012), followed by the Netherlands (+20.4 bn) and Ireland (+16.9 bn). France (-36.1 bn) registered the largest deficit, followed by Spain (-16.8 bn).
8/17/2012 3:16:41 PM