The 17-nation eurozone posted a trade deficit of 3.9 billion euros in January after a surplus of 10.8 billion euros in December, official data showed Monday. For the month, exports rose 2.0 percent and imports increased 3.1 percent, the Eurostat data agency said. For the full 27-member European Union, January showed a trade deficit of 16.9 billion euros, blowing out from a deficit of just 1.1 billion euros in December, it said. EU exports rose 2.9 percent in January compared with December, with imports up 1.3 percent. Analysts said the trade figures were positive overall, confirming the slight improvement recent data, albeit against a still very weak backdrop. Economist Howard Archer at IHS Global Insight said the January outcome "offer hope that net trade could make a renewed positive contribution" to growth in the first quarter. The figures "were relatively healthy," with the rise in imports perhaps a "sign that eurozone domestic demand has picked up from the lows seen in the fourth quarter of 2012." The eurozone "will be fervently hoping that global growth improves as 2013 proceeds, thereby boosting exports and facilitating the single currency area’s exit from recession," Archer added.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor