Eurozone’s trade surplus falls to E3bn

Jan Strupczewski, Reuters

The non-seasonally adjusted trade surplus of the 12-nation single currency area shrank to E3 billion in February from E6.9bn a year earlier as imports grew by 9% while exports increased by only 4%, the EU’s statistics office said.

On a seasonally-adjusted basis, which gives a better picture of the trend, February imports fell 0.6% from January and exports eased 0.4%, showing the weak state of demand.