Eurozone trade surplus remains steady in October

The euro area´s trade surplus was unchanged in October as increases in both exports and imports offset each other.

In seasonally adjusted terms, the Eurozone sold €19.9bn more in goods to the rest of the world than it purchased, the same tally as in September, according to figures released by Eurostat.

Economists´ median forecast had been for a print of €21.8bn.

Exports increased from €167.7bn to €168.2bn, while imports went from €147.8bn to €148.4bn.

"Next year, we think that the euro-zone’s trade surplus will narrow. Admittedly, we expect economic growth in advanced economies to remain steady and in emerging economies to pick up. And we suspect that the euro will weaken. But the euro’s previous decline did not provide a huge boost to export growth," Capital Economics´s said in a research note sent to clients.