European statistics data published: EU and Euro zone inflation, export performance

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Inflation in the eurozone fell to 0.7 percent on an annual basis in October, from 0.8 percent in September. The European statistics agency Eurostat reported this on the basis of a definitive figure.

The figure corresponds to an earlier estimate. Core inflation, without the influence of the sharply fluctuating prices for energy and food and beverages, rose to 1.1 percent from 1 percent in September.

Eurostat recorded an inflation rate of 1.1 percent for the entire European Union, compared to 1.2 percent a month earlier.

Goods exports from the euro zone countries to the rest of the world increased by 5.2 percent in September compared to a year earlier. A total of € 196.2 billion was implemented in that month. The European statistical office Eurostat reported this on the basis of a provisional estimate.

Imports from the nineteen euro countries rose by 2.1 percent on an annual basis to a value of 177.6 billion euros. This resulted in a trade surplus of 18.7 billion euros.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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