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Euro area trade surplus rose to 21.1 billion euros

Friday, Jan 15 2016

The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2015 was €173.5 billion, an increase of 6% compared with November 2014 (€163.6 bn). Imports from the rest of the world stood at €149.9 bn, a rise of 5% compared with November 2014 (€143.5 bn). 

As a result, the euro area recorded a €23.6 bn surplus in trade in goods with the rest of the world in November 2015, compared with +€20.1 bn in November 2014. analysts were anticipating surplus of €21.1bn.  Intra-euro area trade rose to €145.7 bn in November 2015, up by 5% compared with November 2014.

Euro is currently being traded around 1.09 area. Pair is likely to find support around 1.0850 handle and resistance above 1.0970 level. Later today, in the US session, PPI, Retail Sales, Industrial Production and Consumer Sentiment figures are scheduled for a release.

More in this category: « UK Construction Output fell by 0.5% U.S. Retail Sales down by 0.1%, PPI fell 0.2% »

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