Eurozone exports drop for second consecutive month

Export of the Eurozone fell for the second month in a row in the month of October amid high level of unemployment and as cuts in government spending weaken domestic consumption, the Eurostat reported on Monday. Exports from the 17-nation bloc declined 1.4% annually in October from the prior month, when it slipped 1.3%, while imports dropped 0.6% after a 3% decrease in August.