Latest figures reveal Eurozone deficit swing
Published 18/06/2011 | 05:00
Eurozone unadjusted trade swung to a deficit in April from March, with seasonally adjusted imports growing almost twice as fast as exports month on month after a spike in oil prices, data released yesterday shows.
The EU's statistics office, Eurostat, said the unadjusted trade gap was €4.1bn in April, up from a downwardly revised €1.6bn surplus in March. Year on year, imports rose 18pc in April, while exports grew 15pc.
"This indicates eurozone exports continued to benefit from decent global demand," IHS Gloabl Insight economist Howard Archer said. (Reuters)