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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 16 November 2012 [View all]xchrom
(108,903 posts)17. Euro area exports fall
http://www.irishtimes.com/newspaper/breaking/2012/1116/breaking13.html
Exports from the 17-nation currency bloc declined a seasonally adjusted 1.1 per cent from August, when they gained 3.3 per cent, the European Union's statistics office in Luxembourg said today.
Imports dropped 2.7 per cent and the trade surplus widened to 11.3 billion from a revised 8.9 billion in the previous month.
The sovereign debt crisis in the euro area is taking its toll as governments impose budget cuts to narrow their fiscal deficits.
Gross domestic product in the monetary union fell 0.1 per cent in the third quarter after a 0.2 per cent decline in the previous three months.
Exports from the 17-nation currency bloc declined a seasonally adjusted 1.1 per cent from August, when they gained 3.3 per cent, the European Union's statistics office in Luxembourg said today.
Imports dropped 2.7 per cent and the trade surplus widened to 11.3 billion from a revised 8.9 billion in the previous month.
The sovereign debt crisis in the euro area is taking its toll as governments impose budget cuts to narrow their fiscal deficits.
Gross domestic product in the monetary union fell 0.1 per cent in the third quarter after a 0.2 per cent decline in the previous three months.
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