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Euro-Zone Trade Balance Swings Into Surplus In Feb

04/16/2012 | 05:15am US/Eastern
   By Ilona Billington 

The euro zone's balance of trade in goods with the rest of the world swung into surplus in February supported by continued strong exports from the region's economic power house Germany, data from the European Union's statistics agency showed Monday.

The 17 countries that use the euro had a combined trade surplus of EUR2.8 billion in February, compared with a revised EUR7.9 billion deficit in January and a EUR2.8 billion deficit in February 2011.

The data were broadly in line with economists' forecast for a EUR3.0 billion surplus. Eurostat previously estimated the January trade deficit at EUR7.6 billion.

Exports totaled EUR150.0 billion in February, up from EUR134.9 billion in January, while imports totaled EUR147.2 billion in February compared with January's EUR137.7 billion, the data show.

-By Ilona Billington, Dow Jones Newswires; +44 20 7842 9452; ilona.billington@dowjones.com

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