Eurozone Trade Balance Swings To Surplus

India, Aug. 14 -- The euro area trade balance posted surplus for the first time in three months in June, data from Eurostat showed Friday.

The trade surplus came in at EUR 8.6 billion in June compared to a shortfall of EUR 9.0 billion in May. This was the first surplus since March. In the same period last year, the surplus was EUR 4.8 billion.

Exports logged an annual increase of 14.4 percent, in contrast to the 0.1 percent drop in May. At the same time, growth in imports rose to 13.1 percent from 10.1 percent.

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