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Trade brought positive contributions to economic growth in the third quarter.
Source: | Author:Vera | Published time: 2021-11-26 | 944 Views | Share:

Eurostatistics bureau (Eurostat) on Monday (November 17) showed that due to soaring exports, the euro zone not quarterly trade surplus rose to more than double the previous month, indicating that in local demand remains weak, the weaker euro may save the euro zone, trade brought positive contributions to economic growth in the third quarter.

Specific data show that the euro zone's unquarterly trade surplus expanded to 18.5 billion euros in September, above the expected value of 18 billion euros, revised from 9.2 billion euros to EUR 8.6 billion.The September 2013 was 10.8 billion euros.
In September, the eurozone exports rose 4.2% and imports 3%; the annual rate increased 9% and 4%.Euro-zone exports have been volatile in recent months, with sharp growth in September could be helped by a lagging boost from the weaker euro.
eurozone member exports rose generally in September.German exports led the rise by 7.9%, French exports by 4.0% and Italian exports by 6.8%.
Euro-zone exports to Russia continued to decline that month, reflecting the remaining conflict between Russia and the EU over Ukraine's future.
From January to August, EU exports to Russia fell 12% from a year earlier, and 8% from Russian imports.Russia is the major European oil and gas supplier.
As seasonally adjusted, the euro-zone trade surplus widened to 17.7 billion euros in September, above the expected 16 billion euros, which was revised from 15.8 billion euros to 15.4 billion euros.

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