15.09.2014 - Eurozone trade balance has worsened
Trade surplus in the euro area declined in July to 12.2 billion euro, with an expected growth to 15.9 billion and the previous figure 13.8 billion. Greatest positive dynamics on the euro area trade balance was obtained in a trade with the United States, Britain and China. At the same time, the trade deficit with the EU countries amounted to 144.9 billion, against 157.8 billion euro in the same period of the last year. Largest exporter in the euro area remained Germany, where the trade balance in the first six months of this year totaled 100.7 billion euro. Despite the trade surplus in the euro area, we see a decrease of this indicator, which is an additional incentive for the price drop of the euro.