May 2018 Eurozone trade balance 16 July 2018

  • Prior 18.1bn. Revised to 18.0bn
  • Exports 0.2% m/m
  • Imports 0.9% m/m
  • NSA 16.5bn vs 17.6bn exp. Prior 16.7bn
  • Exports 0.8% y/y
  • Imports 0.7% y/y

There could well have been a big push to stock up ahead of tariffs, hence why imports look strong on the SA data.

Ryan Littlestone

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