Recent Surge in European Imports Beyond Just Energy -- Market Talk
Dow Jones06-15 18:49
1049 GMT - With increased energy spending due to higher oil prices, the eurozone's trade surplus has shriveled in recent months, ING economist Bert Colijn says. The seasonally adjusted surplus fell to just 1.3 billion euros in April from 11 billion euros in January. However, compared with April last year, data shows it isn't just energy, as the surplus for chemicals, machinery and vehicles has also fallen significantly, he says. "The pressure on the trade surplus is large in the short-term, but also significant in the medium-term due to a loss of competitiveness," he says. (edward.frankl@wsj.com)
(END) Dow Jones Newswires
June 15, 2026 06:49 ET (10:49 GMT)
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