Eurozone June trade balance returns to surplus as exports rebound

The Eurozone's June trade data showed the balance returning to surplus, with Eurostat reporting a seasonally adjusted €1.8 billion surplus after a revised €5 billion deficit in May as exports rose 2.1% month on month and imports increased 0.4%. The shift points to firmer external demand and some resilience in the bloc's manufacturing sector despite high energy costs, subdued global demand and broader geopolitical and supply-chain risks. The latest update differs from an earlier June trade snapshot in this record that showed a €8.6 billion surplus and a separate seasonally adjusted surplus of €17.5 billion, indicating either a revision or a different statistical basis for the data. Economists still describe the latest surplus as modest by historical standards, leaving investors and businesses watching future releases for signs of a more durable recovery.

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