Euro zone trade surplus widens

The euro zone's trade surplus grew to €2.4 billion in October against a revised surplus of €2

The euro zone's trade surplus grew to €2.4 billion in October against a revised surplus of €2.1 billion in September, European Union statistics office Eurostat said today.

The non-seasonally adjusted figures showed the 12 countries using the euro boosted their exports by 17 per cent year-on-year to €127.6 billion in October, while imports grew by 15 per cent to €125.1 billion.

For the whole 25-nation European Union, October brought a trade deficit of €13.2 billion, compared with a shortfall of 11.0 billion in October 2005 and the same figure as in September this year.

In seasonally adjusted terms, the euro zone's trade surplus fell to €1.7 billion from €2.4 billion in September.