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Technicals

German trade balance surplus widens in October

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10 December 2007 @ 07:13 am EST
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FXstreet.com (Barcelona) - Germany's surplus in goods and services trade with the rest of the world has widened somewhat larger than expected in October, while its current account surplus has declined from September, according to data by Destatis.

Trade surplus has increased in October to 15.7 billion euro from 15.1 billion surplus posted in September, a surplus higher than the 17 billion surplus expected by the market analysts.

The current account surplus has decreased to 13.7 billion, from the 15.4 billion surplus posted in September. The experts forecasted a current account surplus around 17 billion.

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