The Eurozone trade surplus declined to a 3-month low in January as the pace of decline in exports was bigger than the fall in imports, Eurostat reported Thursday.
The trade surplus decreased to a seasonally adjusted EUR 21.2 billion from EUR 22.5 billion in December. This was the lowest level since October, when surplus totaled EUR 19.5 billion.
Exports dropped 1.9 percent on a monthly basis and imports decreased 1.3 percent.
On an unadjusted basis, the trade surplus fell to EUR 6.2 billion from EUR 7.1 billion a year ago. Exports and imports slid 2 percent and 1 percent, respectively.
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