Overview

• Shipments to euro-area partners reached €6.8 billion in July, roughly one tenth higher than a year earlier.
• Exports to the United States slipped 2.2% to €2.2 billion, while sales to China fell 6.0% to €2.0 billion.
• From January through July, exports totaled €149.3 billion, up 3.2% year on year, according to industry group ZVEI.
• ZVEI’s chief economist attributed U.S. softness to tariffs and the China decline to slower growth and rising domestic competition.
• The data point to a eurozone-led rebound alongside persistent headwinds from trade policy and weaker Chinese demand.