Germany Trade Balance


Exports bounce back in August

In August, exports expanded a seasonally and calendar adjusted 3.5% over the previous month, which contrasted the 1.2% drop observed in July (previously reported: -1.8% month-on-month) and defied market expectations of a 1.1% rise. Meanwhile, imports remained flat following July's 0.5% increase. Compared to the same month last year, exports accelerated from a 4.3% increase in July to a 14.6% expansion in August, which marked the fastest pace since May. Moreover, imports grew 12.6% in August, well above the 9.7% increase tallied in July. As exports outpaced imports, the trade surplus widened from EUR 10.6 billion in July to EUR 11.8 billion in August. The Federation of German Wholesale, Foreign Trade and Services (BGA, Bundesverband Gro

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