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Macroeconomics  |  December 17, 2010 15:23:23

Eurozone trade surplus unexpectedly rose in October


Trade surplus sixteen euro area in October unexpectedly rose to 5.2 billion euros from the revised value of 2.6 billion euros in September, the statistical office Eurostat said. A majority consensus expected 2.5 billion euros.

Not seasonally adjusted annual value of exports grew by 20.0% to 138.7 billion euros and imports by 21.0% to 133.5 billion euros. In the first ten months of 2010 showed the euro zone trade surplus 3.4 billion euros compared to 15.6 billion euros in the same period last year. The value of exports from January to October rose by 19% to 1,259.3 billion euros and imports by 21% to 1,255.9 billion euros.

The seasonally adjusted basis, the October trade surplus of EUR 3.6 billion euro, compared to 2.0 billion euros in September. Exports slowed down compared to September by 0.1% to 132 billion euros and imports fell by 1.3% to 128.5 billion euros.

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