Latest Eurozone trade balance data for November 2015
– Prior 24.1
– SA 22.7bn vs 21.0bn exp. Prior 19.9bn
– Exports 6.0% vs 1.0% prior y/y
– Imports 5.0% vs 0.0% prior y/y
Nice jump in exports and even imports. While increased imports is obviously negative for the trade balance, the better signal is that there’s greater activity in Europe