6 Sep 2013
Germany: Trade surplus narrows against expectations in July
FXstreet.com (Barcelona) - German Trade surplus narrowed to €14.5 billion in July from €15.8 billion in June, according to data released today by Destatis. Analysts expected the surplus to widen to €16.1 billion.
German Current Account surplus narrowed to €14.3 billion in July, from €17.9 billion in June but above forecasts of narrowing to €14 billion.
German Exports decreased 1.1% in July, in comparison with the 0.6% growth in June, against market consensus of +0.8%. German Imports rose 0.5%, following a 1% drop and below forecasts of a 0.9% increase.
German Current Account surplus narrowed to €14.3 billion in July, from €17.9 billion in June but above forecasts of narrowing to €14 billion.
German Exports decreased 1.1% in July, in comparison with the 0.6% growth in June, against market consensus of +0.8%. German Imports rose 0.5%, following a 1% drop and below forecasts of a 0.9% increase.