Investing.com - The euro zone’s trade surplus narrowed unexpectedly in January, official data showed on Monday.
In a report, Eurostat said the trade surplus narrowed to EUR9 billion in January from EUR10.3 billion in December, whose figure was revised from a previously reported surplus of EUR12 billion.
Analysts had expected the euro zone’s trade surplus to widen to EUR10.9 billion in January.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dropping 0.83% to trade at 1.2967.
Meanwhile, European stock markets remained sharply lower. The EURO STOXX 50 tumbled 1.5%, France’s CAC 40 fell 1.2%, London’s FTSE 100 declined 0.6%, while Germany's DAX retreated 1%.
In a report, Eurostat said the trade surplus narrowed to EUR9 billion in January from EUR10.3 billion in December, whose figure was revised from a previously reported surplus of EUR12 billion.
Analysts had expected the euro zone’s trade surplus to widen to EUR10.9 billion in January.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dropping 0.83% to trade at 1.2967.
Meanwhile, European stock markets remained sharply lower. The EURO STOXX 50 tumbled 1.5%, France’s CAC 40 fell 1.2%, London’s FTSE 100 declined 0.6%, while Germany's DAX retreated 1%.