EA May 2008 preliminary trade deficit: 4.6 bn euro

The EU released its preliminary trade data for May 2008:
The first estimate for the euro area1 (EA15) trade balance with the rest of the world in May 2008 gave a 4.6 bn euro deficit, compared with +1.4 bn in May 2007. The April 20082 balance was +2.5 bn, compared with +2.0 bn in April 2007. In May 2008 compared with April 2008, seasonally adjusted exports fell by 3.4% and imports by 1.3%.
The first estimate for the May 2008 extra-EU271 trade balance was a deficit of 21.5 bn euro, compared with -14.7 bn in May 2007. In April 20082, the balance was -15.4 bn, compared with -12.9 bn in April 2007. In May 2008 compared with April 2008, seasonally adjusted exports fell by 4.0% and imports by 1.3%.
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source: Euro area external trade deficit 4.6 bn euro, 21.5 bn euro deficit for EU27
Eurostat, May 2008
http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2008/PGE_CAT_PREREL_YEAR_2008_MONTH_07/6-18072008-EN-AP.PDF

read also: EA April 2008 preliminary trade surplus: 2.3 bn euro
Wednesday, June 18, 2008 http://manonthestreet64.blogspot.com/2008/06/ea-april-2008-preliminary-trade-surplus.html