Bert Colijn, Senior Economist at ING, points out that the Eurozone exports declined by -2.5% MoM on a seasonally adjusted basis, rounding out a disappointing quarter.
Key Quotes
“It seems like the Eurozone is feeling the impact of a tense global trade environment, although it is difficult to disentangle global factors from domestic ones such as car-industry disruptions in Germany that impacted the September data. As imports increased slightly, the trade balance dropped significantly to 13.4 billion.”
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