Trade Balance in Eurozone

Eurozone Trade Balance (EUR) | Economic News & Forecasts

Eurozone - Trade Balance (Euros)

The Eurozone economy’s soft start to the year carried over into the second quarter, with preliminary data revealing growth was unchanged at 0.4% quarter-on-quarter. The result confirmed that the economy has shifted into a lower gear after a stellar growth spell in 2017. Although a breakdown by components is not yet available, rising inflation likely took a bite out of household spending, while lower sentiment due to political and trade concerns also likely weighed on momentum. Available data for the third quarter has also been downbeat, with economic sentiment slipping in July and the composite PMI remaining broadly unchanged in August. On the political front, the European Union and the United States reached a temporary truce in their trade spat on 27 July, pledging to work together to reduce trade barriers and to refrain from issuing any new tariffs while negotiations are ongoing. However, it is uncertain if the truce will hold, as U.S. President Donald Trump threatened again to slap tariffs on EU car manufacturers on 21 August.

Eurozone - Trade Balance (EUR) Data

2013  2014  2015  2016  2017  
Trade Balance (EUR billion)207  242  359  375  345  

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Eurozone Trade Balance (EUR) Chart


Euro Trade
Note: Trade balance in EUR billion.
Source: Eurostat.

Eurozone Facts

ValueChangeDate
Exchange Rate1.180.65 %Sep 20
Stock Market1,188-0.52 %Sep 20

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