European Exports Declined in July on Global Slowdown
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European exports declined for the first time in three months in July as a global slowdown started to curb orders for companies across the euro region.
Exports from the economy of the 16 nations that use the single currency dropped a seasonally adjusted 0.6 percent from June, when they rose 5.3 percent, the European Union’s statistics office in Luxembourg said today. Imports fell 1.5 percent and the trade gap was 200 million euros ($260 million), down from a deficit of 1.4 billion euros in the previous month.