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15th Sep 2025 08:01EurozoneDaily Monitor
  • The Eurozone’s nominal goods trade surplus rose at the start of Q3, as imports fell further than exports. 
  • The bloc’s trade surplus with the US is now half what it was before the Trump administration took power.
  • Net trade in goods will likely have a neutral impact on Q3 GDP, despite the increase in US tariffs in August.

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Keywords for: 16 September 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence