In February, exports expanded a seasonally and working-day adjusted 1.6% over the previous month, which followed on the revised 3.4% expansion recorded in January (previously reported: +2.3% month-on-month) and contrasted market expectations of a slight decline. Meanwhile, imports increased 3.9% over the previous month, up from the 2.4% expansion observed in January. Compared to the same month last year, exports slowed slightly to 8.6% in February from 9.3% in January. Imports grew 6.1% in February, virtually mirroring the 6.2% expansion registered in January. As a result, the trade surplus improved from EUR 13.2 billion in January to EUR 14.7 billion in February. According to the Federation of German Wholesale, Foreign Trade and Services (BGA), export growth will reach 6.0% this year, which will push exports to a new-record high of EUR 1.12 billion. Meanwhile, the BGA anticipates that imports will increase 7.0% this year.
Germany Trade Balance
Exports expand for second consecutive month
April 12, 2012
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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.