Economic Buzz: Eurozone Trade Surplus Dips To Lowest Since Mid-2014 In July

Eurozone trade surplus fell to a seasonally adjusted EUR 12.76 billion from EUR 16.47 billion in June, figures from Eurostat showed Friday. This was the lowest since June 2014, when the surplus totaled EUR 12.22 billion. Exports dropped 0.8 percent month-on-month, while imports grew 1.3 percent in July. On an unadjusted basis, the trade surplus decreased to EUR 17.6 billion from EUR 21.6 billion last year. On a yearly basis, exports advanced 9.4 percent and imports increased 13.4 percent in July.