Eurozone posts trade surplus
THE Eurozone unexpectedly posted a trade surplus in September, with exports expanding by a healthy 5.5 per cent on the previous month. Over the third quarter as a whole, exports rose by 3.7 per cent, the first quarterly rise since the second quarter of 2008.
IHS Global Insight’s Howard Archer said: “The recent improving trend in the Eurozone’s net trade performance reinforces belief that it was a significant factor in the region’s return to growth in the third quarter, and September’s trade data boosts hopes that it can contribute further in the fourth quarter.”