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Germany released the trade balance figures for November, where the trade surplus widened to 16.2 billion euros from the revised previous of 11.5 billion euros from 11.6 billions, better than expectations of 12.0 billions.
moreover, the seasonally adjsuted exports rose 2.5% from the revised previous drop of 2.9% from 3.6%, better than the expected growth of 0.5%. In addition, the seasonally adjsuted imports index dropped by 0.4% from the revised previous expansion of 0.1% from the drop of 1.0%, below the expected expansion of 0.5%.
The current account surplus also expanded to 14.3 billion euros from the revised previous of 10.0 billion from 10.3 billion euros, better than the expected surplus of 12.0 billion euros.
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