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Eurozone trade surplus rises in June

Staff writer |
The eurozone's trade surplus grew more than expected in June from June a year ago, data showed.

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However, the improved surplus does not yet reflect the full effect of sanctions and counter-sanctions imposed by the European Union and Russia over the conflict in Ukraine, EurActive reports.

The international trade balance of the 18 countries sharing the euro grew to €16.8 billion in June from €15.7 billion in June last year, as exports rose more than imports. It was up from the €15.4 billion surplus recorded in May.

Seasonally unadjusted exports rose by 3.0% during the year to June after being unchanged in May, the EU's statistics office Eurostat said. Imports were up 2.0%, also after being unchanged in May.

On a seasonally adjusted basis, however, exports dropped by 0.5% and imports rose by 0.5% in June from May.

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