In June, exports dropped seasonally and working-day adjusted 1.5% over the previous month, which contrasted the revised 4.2% expansion recorded in May (initially reported: +3.9% month-on-month) and exceeded market expectations that had exports declining 1.3%. Imports followed suit and decreased 3.0% over the previous month, which contrasted the 6.2% increased recorded in May. Compared to the same month last year, overseas sales accelerated from a revised 0.8% increase in May (initially reported: +0.5% year-on-year) to 7.3% expansion in June (EUR 94.6 billion), which reflected a favourable base of comparison. Imports bounced back and grew 1.5% in June (EUR 76.7 billion), contrasting the 0.2% contraction observed in May. As a result, the trade surplus recorded EUR 17.9 billion in June, well above the EUR 12.5 billion registered in the same month last year. The Federation of German Wholesale, Foreign Trade and Services (BGA) expect export growth to reach 6.0% this year, which will push exports to a new-record high of EUR 1.12 trillion.
Germany Trade Balance
Exports decline more than expected in June
August 8, 2012
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Germany Trade Balance Chart
Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
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.