Eurozone gets trade surplus

Eurozone gets trade surplus
# 19 May 2009 16:03 (UTC +04:00)
Baku– APA-Economics. The eurozone trade balance hit a 400-million-euro (538-million-dollar) surplus in March, the first time the figures emerged from the red for almost a year, the EU statistics office Eurostat said Monday, AFP reported.
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.
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THE OPERATION IS BEING PERFORMED