Investing.com - The euro zone’s trade surplus narrowed unexpectedly in May, official data showed on Monday.
In a report, Eurostat said the trade surplus narrowed to EUR16.1 billion in May from EUR18.1 billion in April, whose figure was revised from a previously reported surplus of EUR18.7 billion.
Analysts had expected the euro zone’s trade surplus to widen to EUR21.2 billion in May.
The data showed that exports totaled EUR160.1 billion in May, while imports came in at EUR144.0 billion.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.01% to trade at 1.3341.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 jumped 1.3%, France’s CAC 40 rose 1.5%, London’s FTSE 100 tacked on 0.7%, while Germany's DAX advanced 1.3%.
In a report, Eurostat said the trade surplus narrowed to EUR16.1 billion in May from EUR18.1 billion in April, whose figure was revised from a previously reported surplus of EUR18.7 billion.
Analysts had expected the euro zone’s trade surplus to widen to EUR21.2 billion in May.
The data showed that exports totaled EUR160.1 billion in May, while imports came in at EUR144.0 billion.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.01% to trade at 1.3341.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 jumped 1.3%, France’s CAC 40 rose 1.5%, London’s FTSE 100 tacked on 0.7%, while Germany's DAX advanced 1.3%.