Latest data released by Eurostat - 16 July 2019
- Prior €15.3 billion; revised to €15.7 billion
- Non-seasonally adjusted trade balance €23.0 billion
- Prior €15.7 billion
The trade surplus grew in May and that comes on the back of a 1.3% m/m growth in exports but a 1.1% m/m decline in imports. That's somewhat similar to what we saw in the French and German readings (stronger exports, weaker imports) earlier but the fact that exports aren't drastically falling off is at least a positive sign.
