Both imports and exports continued to fall in May as nothing there seems to be going right.
By Emma Ross-Thomas
July 17 (Bloomberg) — Europe posted a trade surplus for a second month in May as exports declined less than imports.
Shipments from the 16-nation euro area fell a seasonally adjusted 2.7 percent from April, when they dropped 0.7 percent, the European Unionâ€™s statistics office in Luxembourg said today.
Imports slipped 2.8 percent, swelling the trade surplus to 800 million euros ($1.1 billion) in May from 700 million euros.