Investing.com – The euro zone posted a bigger than-expected trade surplus in September, official data showed on Monday.
In a report, Eurostat said the euro zone recorded a seasonally adjusted EUR 2.4 billion surplus in September, after posting a deficit of EUR 1.7 billion August, whose figure was revised up from EUR 1.4 billion.
Economists had expected the trade balance to post a surplus of EUR 1.0 billion in September.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD falling 0.38% to hit 1.3640.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.14%, France’s CAC 40 was down 0.19%, Germany's DAX eased up 0.03%, and the FTSE 100 declined 0.24%.
In a report, Eurostat said the euro zone recorded a seasonally adjusted EUR 2.4 billion surplus in September, after posting a deficit of EUR 1.7 billion August, whose figure was revised up from EUR 1.4 billion.
Economists had expected the trade balance to post a surplus of EUR 1.0 billion in September.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD falling 0.38% to hit 1.3640.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.14%, France’s CAC 40 was down 0.19%, Germany's DAX eased up 0.03%, and the FTSE 100 declined 0.24%.