BREAKING: EU June Foreign Trade Balance Falls Short of Forecasts

Key Data:

Seasonally adjusted foreign trade balance, June: 2.8 bn (forecast: 18.1 bn; previous: 16.2 bn
Non-seasonally adjusted foreign trade balance, June: 7 bn (forecast: 13 bn; previous: 16.2 bn)

June's foreign trade balance data turned out to be signifantly weaker than market expectations. Both the seasonally adjusted (s.a.) and non-seasonally adjusted (n.s.a.) figures showed substantial declines compared to forecasts and previous values. These results may raise concerns about the strength of the economic rebound in the EU in the second half of the year.

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