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Eurozone August Trade Surplus Below Forecast

Eurozone's trade surplus in August declined more-than-forecast from the previous month, as exports declined and imports increased, figures from Eurostat showed Friday.

The seasonally adjusted trade surplus fell to EUR 19.8 billion from EUR 22.4 billion in July. Economists had expected EUR 22.1 billion surplus.

Exports dropped 1.3 percent from July, while imports grew 0.2 percent.

On a non-seasonally adjusted basis, the trade surplus rose to EUR 11.2 billion from EUR 7.4 billion from a year ago. Exports rose 6 percent and imports increased 3 percent.

For the EU28, the seasonally adjusted trade surplus was EUR 5.5 billion in August, smaller than the EUR 6.6 billion in the previous month. Exports dropped 1.6 percent monthly and imports declined 0.9 percent.

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