Pantheon Macroeconomics

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15th Jul 2022 15:55Eurozone, Daily Monitor, Weekly Monitor

The EZ trade deficit narrowed in May, helped by a 4.8% month-to-month leap in exports.

The cost of EZ energy imports likely will rise further, but volumes could fall as Russia cuts off the gas.

Imports from China were still soaring in Q2, but we think they will cool soon.

deficit depreciation energy energy consumption euro euro area exports france germany imports inventories manufacturing new orders oil oil prices q2 russia trade trade deficit trade surplus u.s. winter

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Keywords for: Is This the Bottom for the EZ Trade Deficit? We Think So

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