Euro Zone Records EUR 400 M Trade Balance in March 2009

Business » FINANCE | May 18, 2009, Monday // 15:06
Bulgaria Euro Zone Records EUR 400 M Trade Balance in March 2009: Euro Zone Records EUR 400 M Trade Balance in March 2009 Economists had expected a trade deficit of EUR 300 M in March. Photo by abc.net.au

The 16 countries that make up the Euro zone had a positive trade balance of EUR 400 M in March for the first time in almost a year.

The information was released Monday by the the Statistical Office of the European Communities, Eurostat.

In March 2009, seasonally adjusted exports rose by 1,4% and imports by 0,6% month-on-month.

The news is positive for eurozone nations, whose economies contracted by 2,5% in the first three months of 2009.

Economists had expected a trade deficit of EUR 300 M in March.

 

 

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Tags: Euro Area, euro zone, eurostat

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