Eurozone trade surplus set a new record in November, helped by a marginal growth in exports and stagnant imports, and weaker euro is likely to boost demand for exports going forward.
The trade surplus rose to a seasonally adjusted EUR 20 billion from EUR 19.6 billion in October, figures from Eurostat revealed Thursday. Exports rose by 0.2% in November from last month when it fell by 0.1%. At the same time, imports remained flat after falling 1.2% in October.
On an unadjusted basis, the trade surplus fell to EUR 20 billion in November from EUR 23.6 billion in the previous month. A year ago, the surplus was EUR 16.5 billion. In the same period last year, the surplus totaled EUR 16.5 billion. On a yearly basis, exports rose 1%, while imports decreased 2% in November. Click here to read more.