Latest / The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets
Why Eurozone Trade Surplus Masks a Deep Industrial Weakness
The eurozone's trade surplus hit a record in Q2 2026 — but zoom in and the picture fractures. Lucas and Luna examine the export data: machinery sales to the US and China are booming, but chemicals and autos are losing ground. They unpack why Germany's trade balance looks healthy while its industrial core is hollowing out, and question whether the surplus is a sign of strength or a warning for the ECB's rate path.
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