Monday December 22, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone trade surplus grows as imports fall in November

The eurozone trade surplus widened in November because imports fell more sharply than exports, data from the EU's statistics office Eurostat showed on Wednesday, pointing to continued weakness of domestic demand.

The 17 countries sharing the euro had an external trade surplus, unadjusted for seasonal swings, of 17.1 billion euros ($23.41 billion), in line with economists expectations.

It was above the 12.5 billion euros in the same period of last year and a revised 16.8 billion euro surplus in October and for the first 11 months of 2013 it was 139 billion euros -- almost double that of the same period in 2012.

Non-seasonally adjusted, exports from the eurozone fell by 2 percent on the year in November after a 1 percent rise in October, while imports dropped by 5 percent, following a 3 percent contraction in October.

The United Kingdom remains the eurozone's key business partner with cumulative exports for the January to November period up by 3 percent and imports down by 2 percent.

Exports to China, the bloc's third biggest trade partner after the second United States, were flat in the first eleven months of last year while imports fell 6 percent, leaving a 69 billion euro trade deficit, down from 78.7 billion in the same period of 2012.

In a sign of rising competitiveness, exports of Europe's southern periphery countries -- Spain, Portugal and Greece -- were up by 4 percent in the January to November period, with cumulative trade deficits shrinking in all three year-on-year.

Germany's trade surplus in the first eleven months of the year rose on the year, with flat exports and a 1 percent drop in imports, while France's deficit, shrinking year-on-year, was mainly due to a drop in imports.

[Reuters]

ekathimerini.com , Wednesday Jan 15, 2014 (13:17)  
Draghi starts squaring QE circle in month of persuasion for ECB
Euro shaky on ECB and Greece, dollar keeps edge
Political saga is harming liquidity
Bad timing for tenders as oil rates decline
Prosecutor gathers depositions in Independent Greeks ´bribe´ probe
Comedian Lakis Lazopoulos is due to give evidence today as part of the investigation into claims by Independent Greeks that there was an attempt to bribe one of their MPs. The lawmaker in qu...
Government accuses SYRIZA and Independent Greeks of ´clear alliance´
Government spokeswoman Sofia Voultepsi accused SYRIZA on Monday of forming a “clear alliance” with Independent Greeks to prevent a president from being elected, which would lead to snap elec...
Inside News
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
INTERVIEW
‘Crisis of confidence will come back again and again,’ says Thomas Piketty
He’s treated like a rock star wherever he goes to lecture. His book “Capital in the 21st Century,” a study on income and wealth inequality from the 18th century to the present, recently tran...
COMMENTARY
Who lost Greece
If Greece collapses much will be said about where the fault lies. Sure, we all know the failings of Greek politicians. That said, much of the blame lies with outsiders who pushed Greece beyo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Prosecutor gathers depositions in Independent Greeks ´bribe´ probe
2. Government accuses SYRIZA and Independent Greeks of ´clear alliance´
3. Draghi starts squaring QE circle in month of persuasion for ECB
4. Euro shaky on ECB and Greece, dollar keeps edge
5. Special day for Abidal, lucky one for PAOK
6. Political saga is harming liquidity
more news
Today
This Week
1. Euro shaky on ECB and Greece, dollar keeps edge
2. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
3. Draghi starts squaring QE circle in month of persuasion for ECB
4. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
5. Greek PM offers compromise solution with elections by end-2015
6. Who lost Greece
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. A friendly yet firm message from Pierre Moscovici
5. On the edge but not gutless
6. Girl, aged 11, gives birth on Crete
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.