German Current Account expands in March

on May 10 2010 2:28 AM

German seasonally adjusted trade surplus in March widens to 17.2 billion as the previous 12.6 billion was revised 12.7, while the estimated figure was only 14.0 billion.

Seasonally adjusted Imports had risen significantly by 11.0% form the previous 0.2% that was revised to 0.3%, as a rise to 0.5% was expected. Exports on the other hand doubled to 10.7% from the previous 5.1%, despite being expected to decline to 3.0%

The current account surplus expanded to 18.0 billion, outgrowing 13.5 billion expectations, with the previous 9.1 billion figure being revised to 9.3 billion.

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