Daily Forex Fundamental Overview
|Fundamental Analysis
EUR
"An improved traded good performance in November is supportive to belief that Eurozone GDP growth improved in the fourth quarter of 2016."
- Howard Archer, HIS Markit
The Euro zone's trade surplus expanded more than expected in November, official figures showed on Monday. According to Eurostat, the Euro zone's trade surplus increased to €22.7 billion, following the previous month's upwardly revised €19.9 billion and surpassing analysts' expectations for an acceleration to €20.8 billion. Back in November, exports and imports rose 3.3% and 1.8%, respectively. Furthermore, the region's surplus with the rest of the world advanced to €25.9 billion on an annual basis, compared to the previous year's €22.9 billion. On a yearly basis, exports climbed 6% to €184.2 billion, while shipments from abroad rose 5% to €158.3 billion from November's €150.9 billion a year ago. Consequently, the Euro zone posted a €25.9 billion surplus in trade in goods with the rest of the world in the reported month, compared to a surplus of €22.9 billion registered in the same month one year ago. On a yearly basis, exports grew 6% to €184.2 billion, while shipments from abroad rose 5% to €158.3 billion. The value of goods exports from January to November stood at €1869.0 billion, since imports declined 2.0%. During the same period in 2015, the region's trade surplus widened to €248.2 billion from €214.3 billion.
After the release, there was no significant market response.
Download The Full Daily Forex Fundamental Overview
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.