Skyscrapers including the Cheese grater and the Gherkin in the City of London.
Photograph: Daniel Absorbing/AFP/Getty Images
Eur ozone posts trade deficit
The euro zone has posted its first trade deficit in the years.
Imported goods from the rest of the world surged by 17% year-on-year in January, to €164.5bn, according to Euro stat. Exports rose by 13% to €163.9bn.
This left the euro area with a deficit of €600m; the first since January 2014.
The euro zone has posted its first trade deficit in the years.
Imported goods from the rest of the world surged by 17% year-on-year in January, to €164.5bn, according to Euro stat. Exports rose by 13% to €163.9bn.
This left the euro area with a deficit of €600m; the first since January 2014.
The wider European Union posted a trade in goods deficit of €16.2bn in January (partly due to Britain).
That included a large trade deficit with China, but a larger surplus with the United States:
That included a large trade deficit with China, but a larger surplus with the United States:
High demand for energy in the winter months helped to cause Europe’s trade deficit, says Howard Archer of IHS Global Insight:
Imports can also be lifted appreciably in the winter months if colder than usual weather leads to a pick-up in energy imports.
However, the weakened traded goods performance in January will make it harder for net trade to contribute positively to Eur ozone GDP growth in the first quarter of 2017 after being a drag in the fourth quarter of 2016.
For More Information :- Graeme Wearden
0 comments:
Post a Comment