Eurozone’s net trade unlikely to boost GDP growth this year
Eurozone's seasonally-adjusted goods trade surplus declined to €21.0 billion in December as compared to €22.6 billion in November. The decline came in as exports fell 0.3%, while imports grew 0.8%; however, the surplus w…
Eurozone's seasonally-adjusted goods trade surplus declined to €21.0 billion in December as compared to €22.6 billion in November. The decline came in as exports fell 0.3%, while imports grew 0.8%; however, the surplus was better than October's print.
Overall, the fourth quarter net trade likely contributed 0.3% rise in eurozone's GDP. The goods trade surplus was at € 61.5 billion in Q3 and € 63.4 billion in Q4, suggesting a growth around 0.1% of GDP. "Either way, we think that net trade will do little to raise GDP growth in 2016. The small boost to export growth from the euro's previous decline appears to have faded" says Capital Economics in a research note.
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