RSS   Newsletter   Contact   Advertise with us
Post Online Media
Europe   Production in construction fell by 0.6%

Euro area international trade in goods deficit was €0.6bn

Eurozone industrial productionThe first estimate for euro area (EA19) exports of goods to the rest of the world in January 2017 was €163.9 billion, an increase of 13% compared with January 2016 (€144.9 bn).

Imports from the rest of the world stood at €164.5 bn, a rise of 17% compared with January 2016 (€140.1 bn).

READ MORE British trade deficit narrows more than estimated

As a result, the euro area recorded a €0.6 bn deficit in trade in goods with the rest of the world in January 2017, compared with a surplus of €4.8 bn in January 2016. Intra-euro area trade rose to €145.7 bn in January 2017, up by 10% compared with January 2016.

In 2016, euro area exports of goods to the rest of the world stood at €2 047.7 bn (nearly stable compared with 2015) and imports at €1 775.8 bn (a decrease of 2% compared with the previous year).

As a result the euro area recorded a surplus of €271.9 bn, compared with +€238.7 bn in 2015. Intra-euro area trade rose to €1 709.6 bn in 2016, up by 1% compared with 2015.

In January 2017 compared with December 2016, seasonally adjusted production in the construction sector decreased by 2.3% in the euro area (EA19) and by 1.5% in the EU28, according to first estimates from Eurostat.

In December 2016, production in construction fell by 0.6% in the euro area, while it grew by 0.2% in the EU28. In January 2017 compared with January 2016, production in construction decreased by 6.2% in the euro area and by 3.3% in the EU28.




What to read next





More inside POST
 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy