Eurozone trade in black in October

WASHINGTON, Dec. 16 (UPI) -- The 17-nation eurozone posted a $1.4 billion trade surplus in October, a decrease from the previous month and from October in 2010.

The surplus was $1.4 billion compared with $4 billion on October 2010 and $3.5 billion in September of this year.

In the larger 27-member European Union, the trade balance for July was a $14.3 billion deficit, an increase from the $12.4 billion deficit of a year earlier and a $13 billion deficit from the previous month.

The largest January-to-September surplus, Eurostat said, was recorded by Germany with a positive balance of $153 billion. The largest deficit for the region was posted by Britain with a year-to-date trading gap of $114.5 billion.