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Euro area trade gap narrows


Euro area trade gap narrows


The euro zone’s trade deficit narrowed year-on-year in January.

It was 8.9 billion euros, down from 12.1 billion a year earlier.

Exports were up five percent year-on-year while imports only increased by one percent.

That indicated rising demand in key overseas markets but muted domestic consumption.

The euro zone’s two biggest trading partners are Britain and the United States.

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