| |
| >> Back to the article | |
| May 18, 2009 | |
|
Euro zone reports trade surplus
|
|
| BRUSSELS - THE euro zone trade balance hit a 400-million-euro (S$789.9 million) surplus in March, the first time the figures emerged from the red for almost a year, the EU statistics office Eurostat said on Monday.
The first estimate figures for March were also much better than the one-billion-euro trade deficit posted in February by the 16 nations that use the euro currency. February's figures were themselves revised from an earlier estimate of a two-billion-euro shortfall. The March surplus was the first since a tiny 20-million-euro figure was reported in June 2008 before the European recession took a firm grip on the economy. In the broader 27-nation European Union, there was also some sign of improvement, though from a lower base. The European Union registered a 9.5-billion-euro trade deficit, down from 10.8 billion in February. -- AFP | |
| Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access |
![]() |
|
|
|
Best viewed at 1152x864 resolution with IE 6.0 or
FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co.
Regn No. 198402868E | Privacy Statement
| Terms & Conditions
|