By Jonathan Davies

In a rare piece of positive news for the eurozone economy, the region has reported a trade surplus of €21.2bn (£16.9bn) in July.

According to Reuters news agency, it's the second largest monthly trade surplus ever recorded.

Exports to the UK, United States and China were strong and were key to the significantly high figure.

It comes less than a week after the Office for National Statistics (ONS) reported that the UK's trade deficit had grown to a two-year high in July, the second ever highest overall.

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