Eurozone Trade Surplus Exceeds Forecast

Eurozone trade surplus increased more-than-expected in February, as exports rose and imports fell, figures from Eurostat showed Wednesday.

The seasonally adjusted trade surplus climbed to EUR 19.2 billion in February from EUR 15.7 billion in the previous month. Economists had expected the surplus to rise to EUR 18.5 billion.

Exports grew 0.4 percent month-over-month in February, while imports dropped by 1.7 percent.

On a non-seasonally adjusted basis, euro area trade surplus shrank to EUR 17.8 billion in February from EUR 18.2 billion a year ago. Both exports and imports rose by 4.0 percent and 5.0 percent, respectively in March, year-over-year.

The EU28 trade surplus was EUR 1.7 billion in February versus EUR 2.6 billion in the corresponding month of 2016.

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