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As on: Oct 27, 2020 08:23 PM
Economic Buzz: Eurozone Trade Surplus Rises In August
16-Oct-20   16:01 Hrs IST

Euroarea exports grew 2 percent on a monthly basis and imports advanced 0.5 percent, data from Eurostat revealed Friday. However, exports and imports continued to stay below the pre-crisis level, Eurostat reported. Compared to February, the month before restrictions were imposed, both exports and imports were down by 11.0 percent and 10.7 percent, respectively. The trade surplus rose to a seasonally adjusted EUR 21.9 billion from EUR 19.3 billion in July. On a yearly basis, exports decreased 12.2 percent and imports dropped 13.5 percent in August. The unadjusted trade surplus totaled EUR 14.7 billion versus EUR 14.4 billion a year ago.

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