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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (48662)	4/17/2009 5:18:55 AM
From: Haim R. Branisteanu	Respond to of 217666

Euro-Zone Feb Trade Deficit Smaller Than Expected By Nicholas Winning Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The euro zone's goods trade deficit narrowed more than expected in February, but recessions at home and abroad dragged exports down to their weakest level for three years and imports to their lowest level since mid-2005, official data showed Friday. The region's trade deficit narrowed to EUR2.0 billion from a revised EUR10.9 billion in January, the European Union's Eurostat statistics agency said. The euro zone posted a trade surplus of EUR1.7 billion in February last year. Market participants were expecting the deficit to shrink to EUR4.5 billion, according to a Dow Jones Newswires survey of economists last week. January's deficit was revised from EUR10.5 billion reported last month. The decline in both exports and imports reflects a sharp drop in demand caused by the severe economic downturn in the euro zone and in the currency block's main trading partners. The euro zone slipped into recession for the first time in the third quarter of last year. Euro-zone exports totaled EUR99.2 billion in February, the lowest level since January 2006 and 24% lower than in February last year, Eurostat said. Imports totaled EUR101.2 billion, the lowest level since August 2005 and 21% weaker than in February last year. The data showed euro-zone exports to and imports from the U.K. were both 29% weaker on the year in January. Exports to the U.S. slumped 27% in January while imports from the world's biggest economy were 16% weaker. Trade within the 16 nations that share the euro totaled EUR107.5 billion in February - a slight gain on the EUR104 billion seen in January, but 21% lower than in February last year, Eurostat said. Eurostat Web site: www.europa.eu.int/en/comm/eurostat