In December, export fell a seasonally-adjusted and working-day adjusted 4.3% over the previous month, which contrasted the revised 2.6% rise observed in November (initially reported: +2.5% month-on-month). The reading undershot market expectations of a 1.0% decline and represented the steepest decline since January 2009. Meanwhile, imports dropped 3.9% over the previous month, which was below the revised 0.2% contraction registered in November and contrasted the 0.6% rise expected by analysts. In annual terms, exports expanded 5.0% in December, which was weaker than the 8.2% increase seen in November. Imports decelerated from a 7.0% increase in November to a 5.4% expansion in December. As a result, the trade surplus narrowed from EUR 15.9 billion in November to EUR 12.9 billion in December. In the full year 2011, exports grew 11.4% (2010: +18.5%), which pushed them above the EUR 1.0 trillion threshold for the first time. Imports expanded 13.2% (2010: +19.9%), to reach EUR 902 billion. The trade surplus recorded EUR 158 billion, slightly above the EUR 155 billion observed in 2010.
Germany Trade Balance
Exports tumble to a three-year low in December
February 8, 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.