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Eurozone Trade Surplus Declines On Weak Exports

The euro area trade surplus declined in June as exports logged a monthly decline amid an increase in imports, data from Eurostat showed Friday.

The trade surplus fell to a seasonally adjusted EUR 17.9 billion in June from EUR 19.6 billion in May. In the same period last year, the surplus totaled EUR 12.5 billion.

On a monthly basis, exports decreased 0.6 percent on month, while imports grew 0.3 percent.

Data showed that the surplus totaled EUR 20.6 billion on an unadjusted basis compared to a EUR 22.6 billion surplus in June 2018. Both exports and imports decreased 4.7 percent and 4.1 percent, respectively.

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