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Eurozone export boom boosts Europe's trade surplus


economy

Eurozone export boom boosts Europe's trade surplus

The European trade surplus was given a shot in the arm on Monday with the numbers for September doubling the previous figure.

The better result was mainly thanks to a nine percent year-on-year jump in exports against only a four percent increase in imports.

Eurozone exports in September surged to 18.5 billion euros.

Imports from Russia fell by eight percent while Eurozone exports to Russia fell by 12% year-on-year, covering the first eight months of 2014.

A mild autumn has also cut European demand for oil and gas from its main supplier.

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