{"id":17335,"date":"2023-04-20T09:03:01","date_gmt":"2023-04-20T09:03:01","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/germany-italy-push-euro\/"},"modified":"2023-04-20T09:05:30","modified_gmt":"2023-04-20T09:05:30","slug":"germany-italy-push-euro","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/germany-italy-push-euro\/","title":{"rendered":"Germany, Italy push euro zone into trade surplus in Feb"},"content":{"rendered":"<p>BRUSSELS (Reuters) &#8211;     The euro zone swung to a trade surplus in February from a deficit a year earlier, non-adjusted data showed on Thursday, mainly thanks to a jump in exports of chemicals and machinery and the bulk of the improvement coming from Germany and Italy.<\/p>\n<p>The European Union&#8217;s statistics office Eurostat said the seasonally unadjusted trade balance of the 20 countries sharing the euro was 4.6 billion euros in February against a deficit of 9.4 billion 12 months earlier.<\/p>\n<p>Adjusted for seasonal swings, the February trade balance was a small deficit of 100 million euros, but a huge improvement on the 11.6 billion deficit the previous month.<\/p>\n<p>Seasonally adjusted, Germany contributed 20.3 billion euros to the overall euro zone trade balance in February, up from a 15.6 billion contribution in January, while Italy added 3.6 billion euros, up from 3.4 billion the month before.<\/p>\n<p>The euro zone&#8217;s surplus in chemicals trade rose to 34.2 billion euros in January-February from 27.3 billion in the same period a year earlier and increased to 20.3 billion in machinery and vehicles from 17.5 billion a year earlier, data showed.<\/p>\n<p>The EU&#8217;s trade deficit with Russia fell sharply to 6.9 billion euros in the first two months of this year from 26.8 billion euros a year earlier as the 27-nation bloc stopped buying much of the Russian oil and gas it imported before Moscow invaded Ukraine at the end of February 2022.<\/p>\n<p>The EU&#8217;s trade gap with China also narrowed to 53 billion in January-February from 60.4 billion in the first two months of 2022.<\/p>\n<p \/>\n<p> (Reporting by Jan Strupczewski)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/germany-italy-push-euro\/file-photo-aerial-view-of-containers-at-a-loading-terminal\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3J0AW-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3J0AW-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRUSSELS (Reuters) &#8211; The euro zone swung to a trade surplus in February from a deficit a year earlier, non-adjusted data showed on Thursday, mainly thanks to a jump in exports of chemicals and machinery and the bulk of the improvement coming from Germany and Italy. The European Union&#8217;s statistics office Eurostat said the seasonally [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":17336,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-17335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3J0AW-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=17335"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17335\/revisions"}],"predecessor-version":[{"id":17337,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17335\/revisions\/17337"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/17336"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=17335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=17335"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=17335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}