Despite worsening prospects in the Eurozone, the German external sector continues to improve. In August, exports expanded a seasonally adjusted 2.4% over the previous month, which came in above the 0.4% expansion observed in July and surprised market annalists, as they had exports declining 0.6%. Imports added 0.3% in August, which followed an expansion of the same magnitude in July. Compared to the same month last year, exports increased 5.8% in August, which pushed overseas shipments to EUR 90.1 billion. The reading marked a slowdown over July's 9.1% expansion. Imports increased 0.4% year-on-year in August, below the 1.8% increase recorded in July. The trade balance recorded a EUR 16.3 billion surplus, which is well above the EUR 11.6 billion surplus observed in the same month last year.
Germany Trade Balance
Exports expand for second consecutive month
October 8, 2012
Looking for forecasts related to Trade Balance in Germany? Download a sample report now.
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.