Release of revised June trade balance for the Eurozone (in billion Euros): 15.4

Eurozone June trade balance came in at 1.54 billion EUR, missing expectations of 1.74 billion and previous 1.91 billion, signaling weak external demand.

The revised trade balance for the Eurozone in June came in at 1.54 billion Euro, lower than the expected 1.74 billion Euro and the previous figure of 1.91 billion Euro. This miss below expectations indicates weak external demand in the Eurozone, providing some support for expectations of tighter monetary policy.