Penson macroeconomist Melanie Debono said in a report that compared to early 2024, net trade in goods and services could drag down the Eurozone's economic growth in the second half of the year. Adjusted EU imports increased 1.0% month-on-month in August, but exports fell slightly by 0.1%. Imports appear to rise further, supported by a recovery in disposable income, but exports seem vulnerable as export order survey data remains sluggish. However, China's measures may boost demand for Eurozone exports.

Penson macroeconomist Melanie Debono said in a report that compared to early 2024, net trade in goods and services could drag down the Eurozone's economic growth in the second half of the year. Adjusted EU imports increased 1.0% month-on-month in August, but exports fell slightly by 0.1%. Imports appear to rise further, supported by a recovery in disposable income, but exports seem vulnerable as export order survey data remains sluggish. However, China's measures may boost demand for Eurozone exports.