Eurozone trade surplus increases
The eurozone's external trade surplus has increased for the month of April with drops in both imports and exports.
The 16-nation eurozone has been experiencing trade surplus for some time now, but the numbers in April are higher with exports being marginally smaller than imports.
The surplus in April for the eurozone came to EUR2.7 billion. The figures in March and April of 2008 are slightly better averaging out to a EUR2.0 billion surplus. The effects of negative trade, with exports decreasing faster than imports, have lowered the quarterly result by 0.3%.
Eurozone surplus results are bringing the euro exchange rate to USD1.386 and GBP0.852.
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The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.