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Eurozone: trade deficit halved to 7,6 billion

Good news from Eurostat: the trade deficit recorded in January in the Eurozone is decreasing, 7.6 billion compared to 16.1 billion in 2011 – imports and exports are growing (+4% and +11%) – The whole European Union is also doing well

Eurozone: trade deficit halved to 7,6 billion

Positive signals come from Eurostat: the European Statistical Institute has announced that the deficit registered in January by the trade balance of the Eurozone fell to 7,6 billion euros, compared to 16,1 billion in January 2011.

Thanks above all to the assets recorded in December, equal to 9,1 billion. Exports increased by 11% on a seasonally adjusted basis, imports also increased (+4%).

On the other hand, as regards the entire European Union of 27, in January the deficit amounted to 23,8 billion euros, an improvement on the 31,2 billion deficit of the previous year. Both exports and imports increased by 12% and 4% respectively.

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