The euro zone’s trade surplus widened less-than-expected in October, official data showed on Monday.
In a report, Eurostat said the trade surplus widened to a seasonally adjusted EUR14.5 billion in October from a surplus of EUR12.4 billion in September.
Analysts had expected the euro zone’s trade surplus to widen to EUR15.2 billion in October.
The data showed that exports totaled EUR159.0 billion in October, up from EUR158.6 billion in September, while imports came in at EUR144.5 billion, down from EUR146.2 billion in the preceding month.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD inching up 0.18% to trade at 1.3767.
Meanwhile, European stock markets were mildly higher. The EURO STOXX 50 advanced 0.7%, France’s CAC 40 added 0.45%, London’s FTSE 100 inched up 0.3%, while Germany''s DAX tacked on 0.55%.
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