India, Aug. 18 -- The euro area trade surplus declined sharply in June as exports remained weak amid a rebound in imports, official data revealed on Monday.
The trade balance registered a surplus of EUR 7.0 billion compared to May's surplus of EUR 16.5 billion, Eurostat reported.
Compared to last year, the surplus contracted by EUR 13.7 billion from EUR 20.7 billion.
Overall exports grew only 0.4 percent year-on-year after rising 0.9 percent in May. At the same time, imports rebounded 6.8 percent from a fall of 0.7 percent in the previous month.
Data showed that seasonally adjusted exports dropped 2.4 percent, while imports advanced 3.1 percent in June. As a result, the trade surplus fell to EUR 2.8 billion from EUR 15.6 billion.
Durin...