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Euro zone trade surplus widens to EUR12 billion in February

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Investing.com - The euro zone's trade surplus widened more-than-expected in February, as export growth outpaced imports, official data showed on Monday.

In a report, Eurostat said the trade surplus widened to EUR12 billion in February from EUR8.7 billion in January, whose figure was revised from a previously reported surplus of EUR9 billion.

Analysts had expected the euro zone's trade surplus to widen to EUR9.9 billion in February.

The data showed that exports totaled EUR156.9 billion in February, while imports came in at EUR144.9 billion.

Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dropping 0.3% to trade at 1.3072.

Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.2%, France's CAC 40 shed 0.2%, London's FTSE 100 declined 0.5%, while Germany's DAX retreated 0.3%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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