German Current Account expands in March

By IBTimes Staff Reporter | 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.

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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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