The Euro area crisis continues to weigh on the external sector, with the seasonally adjusted trade surplus dropping to EUR 17.0 billion in September. The reading came in below the EUR 18.1 billion surplus recorded in the previous month but surprised the market on the upside, as analysts expected had the trade surplus to fall to EUR 16.8 billion. Imports contracted a seasonally adjusted 1.6% over the previous month, which contrasted the 0.4% increase recorded in August. Exports contracted as well, swinging from a 2.3% expansion in August to a 2.5% decline in September. In annual terms, export growth recorded a 3.4% contraction in September, which contrasted a 5.7% increase in August. As a result, in the 12 months up to September, exports have increased 4.9%, which was below the 5.6% increase seen in the same period up to August. The Federation of German Wholesale, Foreign Trade and Services (BGA) expects exports to grow up to 6.0%.
Germany Trade Balance
Exports and imports contract in September
November 8, 2012
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Germany Trade Balance Chart
Germany Economic News
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.
September 26, 2016
German businesses turned much more optimistic in September.