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Eurozone Trade Balance Surplus is Above Expectations
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According to Eurostat report released on Friday, Eurozone trade surplus was 14.9 bn euro in June 2012.


This indicator was slightly above the economists� expectations, who were forecasting a surplus of 9.5 bn euro.


In May trade surplus was estimated at 7.1 bn euro while in June 2011 it was just 0.2 bn euro.


On annual basis exports was up 8% in euro area, imports edged up 2%. On monthly basis seasonally adjusted exports rose by 2,4% whereas imports was in stagnation.


Earlier, they released data on balance of trade of some Eurozone countries. Thus, exports in Germany exceeded imports by 5,9% in June in relation to the previous month.


Positive balance of foreign trade made up 16.2 bn euro against expected 14.6 bn euro.


Meanwhile, the trade balance deficit in France was 5.99 bn euro in June in contrast to 5 bn euro anticipated by analysts.

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