Saturday, February 23, 2013

Trade surplus higher than expected for the area euro

BRUXELLES (Reuters) - The trade surplus stood at a level significantly higher than expected in November, thanks to a surge in exports and imports stagnated, data that can suggest both renewed competitiveness of euro area domestic demand atone.

According to figures released Tuesday by Eurostat, the excess, not seasonally adjusted, stood at 13.7 billion euros in November against 4.9 billion a year ago and a consensus of economists 10.0 billion.

In November, exports surged 5% .

the first 11 months of the year, they even increased by 8% against an increase of 2% importations.

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