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Eurozone trade deficit widens sharply in May, reaching 7.8 billion euros

The May non-seasonally adjusted deficit widened to -€7.8 billion from a prior -€1.6 billion, with energy imports cited as weighing on the overall figure.

Reported · Written up by our desk · Major Pairs

Forexlive reports the Eurozone trade deficit widened further in May, with the non-seasonally adjusted gap expanding to -€7.8 billion, the largest since January 2023.

The prior month’s deficit was -€1.6 billion and was also revised, with the earlier figure updated to -€1.2 billion.

The deterioration was attributed to ongoing pressure from energy imports, while some areas such as chemicals and machinery posted smaller surpluses.

Together, the combination of heavier energy import costs and weaker surplus contributions drove the wider deficit in May.

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