Eurozone trade surplus rises to 6,700 mln euros in July

The trade surplus for the euro zone in July widened more than expected, according to data released Thursday, but the slowdown in the growth of exports and imports anticipated a slowdown in economic activity in the second half in the Eurozone  Economy.. According to the Eurostat statistics agency, the trade surplus for the 16-nation euro zone rose to a seasonally adjusted 6.700 million euros, while the June surplus was revised down to 2,200 million euros. In the same month last year, the surplus came to 11,900 million euros in the Eurozone  Economy..

Eurozone  Economy

Economists polled by Reuters had forecast a surplus of 1,500 million. Exports grew 18 percent year on year and imports rose 24 percent. But although both numbers are very high, were lower than June, when it rose by 27 and 31 percent, respectively, and May, with 24 and 29 percent in the Eurozone  Economy.. Adjusted for seasonal factors, the euro area recorded a trade deficit of 200 million euros in July, lower than the deficit of 1.400 million in June and 2,600 million euros in May. In that vein, the seasonally adjusted exports fell 0.6 percent in July from June and imports fell 1.5 percent against the previous month in the Eurozone  Economy.