Trade Balance in Germany
Germany - Trade Balance (Euros)
Exports fall in August
Exports fell 1.8% month-on-month on a calendar- and seasonally-adjusted basis, contrasting the revised 0.8% rise in the prior month (previously reported: +0.7% month-on-month). Imports, meanwhile, grew 0.5% in August over the prior month, swinging from the revised 2.4% drop recorded in July (previously reported: -1.5% mom). Consequently, the trade surplus narrowed from EUR 20.5 billion in July to EUR 18.1 billion.
The annual picture was not much better, with exports falling 3.9% over the same month a year prior in August (July: +3.8% year-on-year). The 12-month moving sum of exports moderated to 0.6% from 1.1% in July. Imports dropped 3.1% year-on-year in August, following the 1.0% fall in July; meanwhile, the 12-month moving sum of imports eased from 3.6% in July to 2.8% in August. As a consequence, the 12-month moving sum of the trade balance narrowed slightly to a EUR 222.5 billion surplus from EUR 222.8 billion in July.
Commenting on the data, Holger Bingmann, president of the Federal Association of Wholesale, Foreign Trade and Services (BGA), noted that: “The punitive ping-pong that we are currently seeing after the WTO decisions on Airbus and Boeing makes life more difficult and unnecessary. But Brexit is also paralyzing the economy due to the still unclear terms and conditions, exactly three weeks before the withdrawal date. All the more does German foreign trade need new impulses, such as the swift ratification of CETA. The EU association with the Mercosur Confederation is also part of this […].”
Germany - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||200||215||242||246||249|
5 years of economic forecasts for more than 30 economic indicators.
Germany Trade Balance (EUR) Chart
Source: German Central Bank.
|Bond Yield||-0.68||0.41 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||12,025||-0.41 %||Sep 04|
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October 11, 2019
Harmonized German consumer prices fell 0.1% month-on-month in September, matching the result of the prior month.
October 10, 2019
Exports fell 1.8% month-on-month on a calendar- and seasonally-adjusted basis, contrasting the revised 0.8% rise in the prior month (previously reported: +0.7% month-on-month).
October 8, 2019
Industrial production rose 0.3% month-on-month on a seasonally- and calendar-adjusted basis in August, swinging from a revised 0.4% drop in July (previously reported: -0.6% month-on-month).
September 27, 2019
Sentiment among German consumers is expected to increase from 9.7 in September to 9.9 in October, according to the GfK German Consumer Climate Study.
September 24, 2019
German business sentiment inched up to 94.6 in September from 94.3 in the prior month, largely thanks to an improvement outlook on the current situation as the views on business expectations worsened.