Eurozone trade surplus grew for a second straight month in July and exceeded economists’ expectations, figures from the Eurostat showed Tuesday.
The seasonally adjusted trade balance rose to EUR 22.4 billion from EUR 21.9 billion in June. Economists had forecast a lower figure of EUR 21.4 billion. The latest surplus was the biggest in more than a year.
Seasonally adjusted exports declined 0.7 percent from the previous month, while imports fell 1.1 percent.
On a non-seasonally adjusted basis, euro area trade surplus was EUR 31.4 billion versus EUR 21.2 billion a year ago. Exports grew 7 percent year-on-year and imports rose 1 percent.
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