Eurozone Trade Balance surplus at €19 billion

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Friday, Apr 15 2016

The first estimate for euro area (EA19) exports of goods to the rest of the world in February 2016 was €163.5 billion, an increase of 1% compared with February 2015 (€161.4 bn). Imports from the rest of the world stood at €144.4 bn, a rise of 2% compared with February 2015 (€141.5 bn).

As a result, the euro area recorded a €19.0 bn surplus in trade in goods with the rest of the world in February 2016, compared with +€20.0 bn in February 2015. Analysts were expecting increase in surplus of €21.9bn. Intra-euro area trade rose to €141.0 bn in February 2016, up by 3% compared with February 2015.

Euro is currently being traded few points below 1.1250 level. Pair is likely to find support around 1.1230 handle and resistance above 1.13 level. Later today, in the US session, Empire State Manufacturing Index, Industrial Production and Consumer Sentiment figures are scheduled for a release.

More in this category: « China's GDP stable in Q1 US Industrial Production decreased by 0.6% »

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