Brussels, Belgium (4E) – Foreign trade surplus in the euro zone jumped more-than-projected in March from the previous month, according to the Eurostat report released Friday.
On a non-seasonally adjusted basis, the trade surplus stood at 17.1bn euros, surpassing economists’ estimates of 16bn euros. The trade surplus was 21.9bn euros in the same period last year.
The trade surplus in February was upwardly revised to 14.2bn euros from 13.6bn euros. Exports declined 1 percent year on year, while imports rose 2 percent year on year.
The trade surplus jumped to 31.8bn euros in the first quarter from 26.8bn euros a year earlier. Exports saw a 1 percent rise and imports stayed flat.
Exports declined 0.5 percent in March from the previous month on a seasonally adjusted basis, while imports fell 0.6 percent.
The trade surplus jumped to 15.2bn euros in March on a seasonally adjusted basis from 15bn euros in the prior month.