The euro area trade surplus decreased unexpectedly in July, as exports fell and imports rose, figures from Eurostat showed Thursday.
The seasonally adjusted trade surplus shrank to EUR 20.0 billion in July from EUR 23.8 billion in June. Meanwhile, economists had expected the surplus to grow to EUR 29.6 billion.
Exports fell 1.1 percent month-over-month in July, while imports climbed by 1.4 percent.
On a non-seasonally adjusted basis, the trade surplus declined to EUR 25.3 billion in July from EUR 31.1 billion in the corresponding month last year. Both exports and imports plunged by 10.0 percent and 8.0 percent annually in July.
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