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From the original Eurostat press release [pdf!]:

The first estimate for the euro area (EA15) trade balance with the rest of the world in February 2008 gave a 0.8 bn euro surplus, compared with -1.6 bn in February 2007. The January 20082 balance was -11.0 bn, compared with -7.3 bn in January 2007. In February 2008 compared with January 2008, seasonally adjusted exports rose by 2.0% while imports fell by 0.4%.

But according to analysts sitting in London, we should be concerned that our exports to one country... didn't decrease despite the exchange rate worsening.

More - more improvements:

The first estimate for the February 2008 extra-EU27 trade balance was a deficit of 15.3 bn euro, compared with -17.5 bn in February 2007. In January 20082, the balance was -31.2 bn, compared with -26.0 bn in January 2007. In February 2008 compared with January 2008, seasonally adjusted exports rose by 3.3% while imports fell by 0.7%.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Apr 17th, 2008 at 05:19:15 PM EST
[ Parent ]
Europe. Is. Doomed.

Oh sorry - was there some positive news? I wasn't paying attention.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Apr 17th, 2008 at 08:47:51 PM EST
[ Parent ]

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