Eurozone October trade balance EUR 19.0bn vs EUR 24.3bn expected

Latest data released by Eurostat - 15 Dec 2017

  • Prior EUR 25.0bn; revised to EUR 24.5bn
  • Non-seasonally adjusted (NSA) trade balance EUR 18.9bn
  • Prior NSA EUR 26.4bn

Exports fall 2.4% m/m, meanwhile imports rose 0.6% m/m according to Eurostat. On a y/y basis, exports rose 8.8% while imports increased by 10.1%.

A little miss on the trade balance numbers, but as I mentioned in the calendar preview here, this tends to have a muted impact because France and Germany has already released their data earlier.

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