FXstreet.com (Barcelona) - Euro Area's current account has swung into surplus in February, on a considerable increase of the surpluses of goods and services trade, according to data released by Eurostat.
Euro Zone's current account posted a 4.3 billion euro surplus, in seasonally adjusted terms, in February, following a 7.9billion deficit posted in January. Non seasonally adjusted, the surplus reached 5.0 billion euro.
February's data reflects a 3.1 billion surplus in goods trade, and a 5.1 billion in services trade, partially offset by a 4.3 billion deficit in current transfers.
In the last 12 months Euro Area's current account surplus has reached 17.8 billion euro surplus, in working day adjusted basis, while in February 2007 it posted a 1.1 billion deficit.