The Euro-Zone trade surplus narrowed to EUR 1.0B in June from a revised reading of EUR 1.1B in the previous month amid expectations for a rise to EUR 1.3B, and the downturn in global may continue weigh on economic activity going forward as businesses continue to scale back on production and employment in an effort to lower their cost structure. The breakdown of the report showed exports fell 0.1% from May after being adjusted for seasonality, while imports held flat after falling 1.8% in the previous month. The data suggests foreign demands are beginning to stabilize as economists anticipate the world economy to recovery throughout the second-half of the year, and the rebound in global trade is likely to encourage an improved outlook for the euro-region as policymakers anticipate growth prospects to improve in the coming months.
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