Eurozone trade deficit 4.0 bn euro in August

Eurozone trade deficit amounted to 4.0 billion euros in August this year compared with a surplus of 12.3 billion euros in the previous month, the EU statistical agency Eurostat. Note that in August last year the euro zone trade deficit amounted to 11.3 billion euros.
Taking into account seasonal factors, exports of the euro zone fell in August on 5,8%, while import volumes fell by 1,3%. On an annual basis without taking into account seasonal fluctuations, export volumes fell by 23%, while import volumes fell by 27%.