Forex News

Euro area trade surplus widens in November

541

Euro area trade surplus widened more than forecast in November, data from the Eurostat showed on Monday.

The seasonally adjusted reading signaled a surplus of 22.5 billion euros from 19.0 billion euros surplus in October. Analysts had estimated a surplus of 22.4 billion euros.

The non-seasonally adjusted figures showed a surplus of 26.3 billion euros, versus a prior of 18.9 billion euros.

Exports soared 3.4 percent, while imports increased 1.6 percent.

As of 10:20 GMT, the euro extended its rise for a fourth straight session to $1.2280, the highest level since mid-December 2014.

Share Artical