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Euro zone trade improves

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Euro zone trade improves

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The euro zone’s trade surplus rose in October.

The European Union’s statistics office Eurostat said the seasonally unadjusted trade surplus for the region with the rest of the world rose to 5.2 billion euros in October.

It was 2.6 billion in September and there was a 4.8 billion surplus in October last year.

The figures bode well for the next trade contribution to economic growth in the final quarter of the year.

Both exports and imports growth slowed in October compared to the previous month, but still remained strong with exports up 20 percent against the previous year and imports up 21 percent.

Adjusted for seasonal swings, the trade surplus was 3.6 billion euros in October, up from 2.0 billion in September as exports edged 0.1 percent lower month-on-month while imports fell 1.3 percent