Market Updates: Eurozone International Trade in Goods Surplus €19.0 bn
Arslan Butt • 1 min read
As per the recent reports from Eurostat, the first estimate for Euro area (EA19) exports of goods to the rest of the world in November 2018 was 203.0 billion, an increase of 1.9% compared with November 2017 (199.2 bn).
Imports from the rest of the world stood at 184.0 bn, a rise of 4.7% compared with November 2017 (175.7 bn). As a result, the Euro area recorded a 19.0 bn surplus in trade in goods with the rest of the world in November 2018, compared with +23.4 bn in November 2017. Intra-Euro area trade rose to 170.5 bn in November 2018, up by 1.5% compared with November 2017.
Good thing is, our forex trading signal on the EUR/USD hit take profit before the release of the news, which drove Euro in the opposite direction.