Trade Balance in Eurozone
Eurozone - Trade Balance
The economy grew solidly in Q3, mainly as easing restrictions propelled household spending. However, the recovery has likely slowed in Q4 amid soaring inflation and the reinstatement of restrictions in several countries due to rising Covid-19 infections. PMI readings indicate softer expansions in the manufacturing and services sectors in the quarter. Meanwhile, business confidence remained upbeat in October–November but consumer sentiment weakened in the same two months, suggesting consumers slowed their shopping activity. However, industrial production rebounded strongly in October, mainly driven by the German locomotive industry. In other news, the ECB has recently signaled risks of excessive asset and housing price inflation, while gas prices have surged after Germany stopped the Nord Stream 2 pipeline. In politics, Germany’s traffic light government has taken power, while Austria has named a new chancellor.Eurozone - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (EUR billion) | 385 | 400 | 391 | 355 | 361 |
Eurozone Trade Balance Chart
Source: Eurostat.
Eurozone Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Eurozone: Unemployment rate ticks up in March as coronavirus blow starts to bite
April 30, 2020
Labor market conditions in the common currency bloc deteriorated in March, the first month when COVID-19 containment measures began to be extensively introduced, according to data released by Eurostat.
-
Eurozone: Inflation slumps to over three-year low in April on plunging energy prices
April 30, 2020
Harmonized inflation fell to 0.4% in April from March’s 0.7%, marking the lowest reading since September 2016, according to a flash estimate released by Eurostat on 30 April.
-
Eurozone: Coronavirus crisis strikes unprecedented blow to Eurozone economy in Q1
April 30, 2020
The Eurozone economy contracted sharply in the first quarter of this year, after marginally expanding in Q4 2019.
-
Eurozone: ECB cuts rates on long-term liquidity operations and introduces new anti-pandemic auctions
April 30, 2020
On 30 April, the European Central Bank (ECB) decided to step up its efforts to combat the economic and financial shockwaves currently shaking the Euro area.
-
Eurozone: Economic sentiment collapses at sharpest pace on record in April
April 29, 2020
Sentiment in the Eurozone tumbled at the sharpest pace in the survey’s history in April due to measures adopted to contain the spread of coronavirus, plunging to 67.0 points from March’s 94.2 points.
© Copyright: 2022. | Eurozone Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
