Euro area goods surplus declines in April

The euro area's surplus in its trade on goods with the rest of the world narrowed in April on the back of a sharp rise in imports. According to Eurostat, the surplus slipped from 19.8bn for March to 18.1bn in April, with exports higher by 0.4% month-on-month to 187.0bn and imports up by 1.3% at 168.8bn. Economists had forecast a surplus of 20.0bn, versus a preliminary reading of 21.2bn for March. Germany accounted for the bulk of the decline, as its goods imports rose by 4.1% on the month to ...

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