Trade Balance in Eurozone
Eurozone - Trade Balance (Euros)Comprehensive data confirmed that the Eurozone economy lost steam in Q1, growing at the weakest pace since Q2 2016. The external sector was primarily behind the slowdown, with a strong euro and slowing global recovery fueling a decline in overseas sales. Data for Q2 suggests that momentum has regained some lost ground, although growth is likely still below last year’s highs. The unemployment rate hit a new multi-year low in April, and strong services sector growth pushed the composite PMI up in June. That said, data for the manufacturing sector has been weak, with industrial production contracting in May and the manufacturing PMI falling to an 18-month low the month after. Moreover, the outlook for the sector has turned gloomier in recent weeks. On 22 June, U.S. President Donald Trump threatened to slap a 20% tariff on all European Union manufactured automobiles if retaliatory tariffs on U.S. goods enacted by the EU were not lifted. While the U.S.’s initial tariffs on steel and aluminum are expected to have a relatively small economic effect, the automobile industry is a much larger sector and tariffs could dampen manufacturing activity.
Eurozone - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||207||242||359||375||345|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Trade Balance (EUR) Chart
|Exchange Rate||1.17||0.65 %||Jul 13|
|Stock Market||1,203||-0.52 %||Jul 13|
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July 12, 2018
Industrial output returned to growth in May, rising a seasonally-adjusted 1.3% over the previous month.
July 2, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc were largely steady in May.
June 28, 2018
Economic sentiment in the Eurozone eased slightly in June, continuing a downward trend seen over the past six months.
June 22, 2018
Leading data suggests that the Euro area’s economic momentum gained steam in June.
June 14, 2018
The European Central Bank (ECB) announced an upcoming end to its massive quantitative easing (QE) program at its 14 June meeting, signaling the beginning of the end for monetary stimulus in the Eurozone.