Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  August 17, 2012 11:50:16

Eurozone - exports in June rose by 2.4% supported by exports from Germany


Eurozone trade balance showed a surplus in June at 10.5 mld.EUR compared to 6.8 billion in May. Exports from the euro area grew in June by 2.4% mom, compared with growth of 0.4% in May.
Imports into the EMU in June stagnated at the previous level.

For improving the overall trade balance was primarily interested in German goods and general increase in demand from developing countries that balanced the decline in demand in the euro area.

German exports rose in June jumped by 6.6% to 40.9 mld.EUR, then imports grew by 1.5%
Italy Exports grew by 2% in France and then Španěska by 1% and 1.4%.

Exports to the U.S. for the first 54 months of this year grew by 11% in Great Britain by 7% to Russia by 16% to 8% of China and Japan by 13%.
The euro weakened against the dollar Q2 by 2.7%.
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