- Prior 20.0bn. Revised to 21.2bn
- SA 23.3bn vs 19.0bn exp. Prior 20.0bn. Revised to 21.6bn
- Exports NSA +8.0% vs 1.0% prior y/y
- Imports NSA +1.0% vs -2.0% prior y/y
- Exports SA -1.1% vs +0.5% prior m/m
- Imports SA -2.4% vs -0.5% prior m/m
- EU 28 states trade bal 12.4bn vs 10.5bn prior NSA
- Exports 6.0% vs 2.0% prior y/y
- Imports 3.0% vs -4.05 prior y/y
Exports for 2014 were up 2% while imports were flat. Most of the gains in the balance from Jan to Nov came from a fall in the energy deficit numbers due to the falling oil prices. On paper it looks good but in reality it's likely to be temporary.
EUR/USD was on it's way south just before the numbers and there's been nothing in them to keep it afloat. 1.1395 was the last low
