The euro zone swung to a large trade deficit in September from a small surplus a year earlier due to a surge in the costs of imported energy in the wake of Russia’s invasion of Ukraine, but the deficit was smaller than expected, data showed on Tuesday.
The European Union’s statistics office Eurostat said the seasonally unadjusted trade deficit of the 19 countries sharing the euro with the rest of the world was 34.4 billion euros ($35.7 billion) in September, against a 6.7 billion surplus 12 months earlier.
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