By Xavier Fontdegloria
The eurozone's trade surplus slipped by more than expected in September as growth in imports continued to exceed that of exports, data from the European Union's statistics agency showed Monday.
The eurozone's trade surplus in goods--the difference between exports and imports--stood at 7.3 billion euros ($8.35 billion) in September, sharply down from the EUR24.1 billion registered the same month a year earlier.
The reading missed economists' forecasts, who expected trade surplus to come in at EUR8.9 billion, according to a FactSet poll.
The surplus declined as the 21.6% on-year increase in imports outpaced the 10.0% on-year rise in exports, the data showed.
Adjusted for seasonal swings, the trade surplus was EUR6.1 billion in September compared with EUR9.7 billion in August, Eurostat said. Eurozone exports decreased 0.4% compared with the previous month, while imports increased 1.5%, the data showed.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
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November 15, 2021 at 05:00PM
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Eurozone Trade Surplus Fell by More Than Expected in September - MarketWatch
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