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7/19/09

Euro-zone reports May trade surplus

EU-Digest

Euro-zone reports May trade surplus

The EU statistics agency reported the 16 nations that use the euro posted a euro 1.9 billion ($2.68 billion) trade surplus in May as imports fell faster than exports compared with a year ago, the EU statistics agency said Friday. Euro-zone nations, including one of the the world's major exporters Germany, had euro 97.7 billion in foreign sales in May, a 24 percent drop from the same month in 2008. Imports fell faster, by 27 percent, to euro95.8 billion.

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