The Eurozone trade balance showed a deficit of EUR0.1 billion in June, while economists were looking for a surplus of EUR1.2 billion, a report from the Eurostat showed Monday. However, the deficit narrowed from the EUR3.9 billion deficit recorded in May, revised down from the EUR4.6 billion estimated initially.
On a seasonally adjusted basis, the trade deficit was EUR3 billion, larger than May`s EUR1 billion deficit. Exports recorded a monthly growth of 1.4% in June, while imports rose 2.9%.
The extra-EU27 trade deficit was EUR20.1 billion in June compared with the EUR9.1 billion deficit in the prior year.
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