The euro zone's trade surplus
widened in May from a year earlier, driven mainly by falling
imports rather than export growth, the EU's statistics office
Eurostat said on Tuesday.
Eurostat also confirmed June annual inflation at 1.6 percent, pushed upward by volatile energy and food prices, from 1.4 percent in May.
The trade surplus for the 17 countries using the euro, unadjusted for seasonal swings, rose to 15.2 billion euros ($19.8 billion) in May, from a revised 14.1 billion euro surplus in April.
Overall exports were flat on the year in May, with imports decreasing by 6 percent.
The malaise in imports underscores the euro zone's struggle to revive domestic demand that is hampered by record unemployment, reluctance among consumers to spend and companies that are struggling to access credit and invest.
http://www.reuters.com/article/2013/07/16/eurozone-economy-idUSL6N0FM1C320130716?feedType=RSS&feedName=marketsNews&rpc=43
Eurostat also confirmed June annual inflation at 1.6 percent, pushed upward by volatile energy and food prices, from 1.4 percent in May.
The trade surplus for the 17 countries using the euro, unadjusted for seasonal swings, rose to 15.2 billion euros ($19.8 billion) in May, from a revised 14.1 billion euro surplus in April.
Overall exports were flat on the year in May, with imports decreasing by 6 percent.
The malaise in imports underscores the euro zone's struggle to revive domestic demand that is hampered by record unemployment, reluctance among consumers to spend and companies that are struggling to access credit and invest.
http://www.reuters.com/article/2013/07/16/eurozone-economy-idUSL6N0FM1C320130716?feedType=RSS&feedName=marketsNews&rpc=43
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