Euro-Area Exports Fell in September as Economy Contracted
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Euro-area exports fell in September as the region’s economy slipped into a recession for the second time in four years.
Exports from the 17-nation bloc declined a seasonally adjusted 1.1 percent from August, when they gained 3.3 percent, the European Union’s statistics office in Luxembourg said today. Imports dropped 2.7 percent. The trade surplus widened to 11.3 billion euros ($14.4 billion) from a revised 8.9 billion euros in the previous month.