Eurostat released trade data for the Eurozone on Monday. Eurozone's trade surplus increased to €24.3 billion in December from €21.2 billion in November, exceeding expectations for a rise to €21.3 billion. November's figure was revised up from a surplus of €20.0 billion.

The increase was driven by lower imports.

Exports climbed by 1.0% in December, while imports fell 2.0%.

Exports were boosted by a weaker euro and lower oil prices.

For 2014 as whole, the trade surplus widened to €194.8 billion.