The Eurostat has released its international trade report for May 2019. The data showed that the euro-area posted trade surplus at EUR 23 billion in trade with the rest of the world over the period under review. At the same time, the April figures were EUR 15.7 billion. Last year, the trade surplus was EUR 16.9 billion.
Export shipments from the euro area to the rest of the world soared by 7.1% y-o-y to EUR 203.4 billion in May 2019. Imports moved up by 5.2% y-o-y to EUR 180.3 billion.
In January-May, shipments reached EUR 973.5 billion (5% up y-o-y) and EUR 890.8 billion (5.2% y-o-y) respectively. Over this period, the euro-area surplus was EUR 82.7 billion (EUR 80.5 billion a year before).
Cryptocurrency Beam, focused on the confidentiality of users and paired with Grin, which is a serious competitor of Monero and ZCash, is preparing for its first hard forks. The upgrade is scheduled for block 321321 and will take place on August 15.