The euro area trade surplus edged down in August, compared with the last year, with declining exports to China and geopolitical tensions likely to continue to delay a sustained recovery.

Export growth slowed to a five-month low of 2.4% year-on-year, while import growth remained little changed at 0.3% YoY. Click to read.

The acceleration of August export orders did not appear to translate to the September export numbers.  By destination, Taiwan's exports to the US continued to see strong growth at 27.3% YoY, but this was a significant deceleration from the above 70% YoY levels seen in the previous three months.

The Euro Area recorded a trade surplus of EUR 4.6B in August 2024. ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (HEWG), (DAX) Currency: (EUR:USD) More on Eurozone Euro Lower As U.S. Inflation Dips Slightly Germany's DAX touches record high ahead of ECB decision European indexes extend loss as sentiment sours,