Euro zone imports fall steeply in May, prices rise in June | Reuters

Euro zone imports fall steeply in May, prices rise in June
| Reuters
"Imports fell in the bloc's four largest economies, with Germany reporting a 1 percent drop, France declining by 2 percent, Spain down 4 percent and Italy sliding 6 percent.
Trade with China fell on the year in May, on a non-seasonally adjusted basis, while exports to the United States increased by 2 percent, with imports down by 7 percent.
Inflation, meanwhile, remains below the European Central Bank's target of close to but below 2 percent.
The ECB left its key interest rate at a record low in July and broke a taboo never to pre-commit on rates, saying it would leave monetary policy loose for an extended period of time to help an expected recovery later this year."