Chinese EspaƱol Thu, 08 Jan 2009
head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

advertisement

Euro-Zone Trade Deficit Holds Steady at 5.7B For Second Month as Imports Surge 2.1%

Monday, 17 November 2008 09:13:00 GMT

Written by David Song, Currency Analyst

The Euro-Zone trade deficit held steady at 5.7B for the second consecutive month in September, and may fall back towards the record low reading of 6.4B in July as fears of a global recession intensify. The breakdown of the report showed that exports gained 2.2% from the previous month, but the improvement in trade was offset by a 2.1% rise in imports. However, the depreciation of the euro may help to lower the trade gap over the coming months as cheaper export prices fuel demands from abroad.

< Prev    Next > [ Back ]