India, July 16 -- The euro area trade surplus increased more than expected in May as exports rebounded, while imports dropped for the second month, official data showed Wednesday.
The trade surplus surged to EUR 16.2 billion in May from EUR 11.1 billion in April, Eurostat reported Wednesday.
The surplus was seen at EUR 12 billion. In the same period last year, the surplus totaled EUR 12.7 billion.
Exports grew 0.9 percent from a year ago, reversing a 1.2 percent fall in April. Imports decreased 0.6 percent, following a 0.2 percent drop in the previous month.
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On a seasonally adjusted basis, the trade balance showed a surplus of EUR 13.1 billion compared...