Eurozone trade surplus lifts as imports tumble

first_img whatsapp Eurozone trade surplus lifts as imports tumble Monday 16 February 2015 8:28 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBallSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads Show Comments ▼ Sharecenter_img whatsapp Tags: Eurozone FALLING imports and rising exports of goods pushed the Eurozone’s trade surplus to a record high in December, official data showed yesterday.The surplus increased to €24.3bn (£18bn) in December, up from €13.6bn in a year earlier.Such a strong figure should boost GDP in the troubled currency area, but also reflects the weak demand afflicting the continent.Exports of goods to non-Eurozone countries fell by 1.1 per cent on the month to €161.5bn, but the surplus widened because imports fell more quickly, down two per cent to €137.2bn.On the year the surplus jumped 27.9 per cent to €194.8bnBut economists predicted a healthier rise in exports over the coming year, thanks to the fall in the value of the euro against the dollar and the pound.“Exporters are likely to fare better in 2015, benefiting not only from the fall in the euro but also strong growth in key export markets such as the US and the UK,” said Jessica Hinds from Capital Economics.“Indeed, the depreciation of the euro suggests that the annual pace of export growth should continue to pick up in the coming months. However, the ongoing uncertainty over Greece and its future in the Eurozone may soon start to weigh on global business sentiment, hitting exporters.”The Eurozone’s biggest trading partner from January to November 2014 was the UK, which imported €235bn of goods from the region, and exported €147.7bn to the currency zone. More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this‘Neighbor from hell’ faces new charges after scaring off home Express KCS last_img read more