Investing.com - The euro zone’s trade surplus widened broadly in line with market expectations in August, official data showed on Wednesday.
In a report, Eurostat said the trade surplus widened to a seasonally adjusted EUR12.3 billion in August from EUR11 billion in April, whose figure was revised from a previously reported surplus of EUR11.1 billion.
Analysts had expected the euro zone’s trade surplus to widen to EUR12.4 billion in August.
The data showed that exports totaled EUR157.4 billion in August, while imports came in at EUR145.1 billion.
Following the release of that data, the euro remained marginally higher against the U.S. dollar, with EUR/USD rising 0.08% to trade at 1.3535.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 dipped 0.2%, France’s CAC 40 shed 0.65%, Germany's DAX inched down 0.1%, while London’s FTSE 100 eased down 0.4%.
In a report, Eurostat said the trade surplus widened to a seasonally adjusted EUR12.3 billion in August from EUR11 billion in April, whose figure was revised from a previously reported surplus of EUR11.1 billion.
Analysts had expected the euro zone’s trade surplus to widen to EUR12.4 billion in August.
The data showed that exports totaled EUR157.4 billion in August, while imports came in at EUR145.1 billion.
Following the release of that data, the euro remained marginally higher against the U.S. dollar, with EUR/USD rising 0.08% to trade at 1.3535.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 dipped 0.2%, France’s CAC 40 shed 0.65%, Germany's DAX inched down 0.1%, while London’s FTSE 100 eased down 0.4%.