The Euro Zone’s Trade Surplus Shrinks More Than Expected

“The euro region’s trade surplus narrowed more than economists estimated in February as increased demand for imported goods outpaced exports.

The surplus shrank to a seasonally adjusted 3.7 billion euros ($4.8 billion) from a revised 5.3 billion euros in January, the European Union’s statistics office in Luxembourg said today. Economists had forecast a drop to 5 billion euros, the median of eight projections in a Bloomberg News survey showed. Imports increased 3.5 percent in the month, while exports were up 2.4 percent….”

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