Ultima Markets[Market Hotspot] Inflation in the Eurozone stagnates, but trade regains momentum

eurozone2The monthly and annual inflation rate is confirmed as2.6%, for3The lowest in six months, but still exceeding the set by the European Central Bank2% Goal. Energy prices vary1Sudden monthly decline6.1% Afterwards, report a further decline 3.7%. The prices of food, alcohol, and tobacco have slowed down to 3.9%(Previous value 5.6%）The prices of non energy industrial products have also been revised downwards1.6%(Previous value 2%）。

Nevertheless, the inflation rate in the service industry remains stable at4.0%。 Excluding volatile food and energy prices, the core inflation rate is3.1%, up to2022year3The lowest level since the beginning of the month. In addition,2The month on month increase in consumer prices0.6%, reverse1Monthly decline0.4% The trend of.

(Eurozone inflation rateYoY%，EUROSTAT)

Compared to the same period last year326Compared to a trade deficit of billions of euros,2024year1The Eurozone's trade surplus has significantly increased to114Billion euros. Annual increase in exports1.3%, Total 2,259 Billion euros. The kinetic energy is mainly due to miscellaneous products（+3.3%）Manufacturing finished products（+1.2%）Chemical products（+3%）And machinery and transportation equipment（+1.5%）The shipment volume has increased. Exports to the United States, Japan, and Switzerland have grown significantly, while exports to Russia, China, and Norway have decreased.

Meanwhile, imports have declined 16.1%, down to 2,145 Billion euros. Multiple procurement categories have shrunk, especially mineral fuels, lubricants, and related products（-36.4%）Miscellaneous products（-13%）Manufacturing finished products（-12.6%）And chemicals（-10.4%）。 Imports from countries such as China, the United States, Switzerland, Norway, Russia, Japan, and India have significantly decreased.

(Trade balance,EUROSTAT)

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