Trade Balance in Eurozone
Eurozone - Trade Balance (Euros)Growth shifted into a lower gear in the second quarter. An adverse external environment caused exports to flatline, while household spending lost momentum amid downbeat confidence and diminishing returns to job gains. Data for Q3 suggests that the economy remains stuck in a soft patch and continues to be defined by divergent dynamics in the export-oriented manufacturing sector and the services sector. Industrial production recorded its fourth drop in five months in July and the manufacturing PMI remained in contractionary territory in August, underscoring the sector’s persistent weakness. Conversely, the services PMI rose further into expansionary territory in the same month. Amid soft dynamics, the ECB unveiled a broad stimulus package in September to kick-start activity. However, given already ultra-accommodative conditions, it appears unlikely that it will notably shore up the outlook. Consequently, ECB President Mario Draghi also called on governments with fiscal space to unleash stimulus and some officials are starting to respond.
Eurozone - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||209||242||331||347||318|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Trade Balance (EUR) Chart
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||1,175||-0.52 %||Sep 04|
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.
October 16, 2019
Complete data revealed harmonized inflation fell to 0.8% in September, down from August’s 1.0% and a notch below the preliminary estimate.
October 14, 2019
Industrial output returned to growth in August, contrasting two months of contractions.
October 1, 2019
According to a preliminary estimate released by Eurostat on 1 October, harmonized inflation inched down to 0.9% in September from August’s 1.0%, printing the lowest reading in close to three years.
September 30, 2019
Labor market conditions in the common currency bloc tightened in August, according to data released by Eurostat.
September 24, 2019
Sentiment in the Eurozone dropped sharply in September, reversing August’s marginal gains.