Euro Area Trade Surplus Sharply Higher

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The trade surplus of the 17 nations in the Euro area moved sharply higher according to Eurostat

The first estimate for euro area1 trade with the rest of the world in November 2011 gave a 6.9 bn euro surplus, compared with -2.3 bn euro in November 2010. The October 20112 balance was +1.0 bn, compared with +3.1 bn in October 2010. In November 2011 compared with October 2011, seasonally adjusted exports rose by 3.9%, while imports remained stable.