India, June 13 -- Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday.
The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January.
In the same period last year, the surplus totaled EUR 13.6 billion. Moreover, the surplus was below the expected level of EUR 18.2 billion.
Exports logged an annual decrease of 1.4 percent in April, in contrast to the 13.8 percent increase in March. This was the first decline since November.
At the same time, imports grew marginally by 0.1 percent after rising 8.7 percent in the previous month.
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