German trade balance shows a narrowed surplus

By IBTimes Staff Reporter | February 09 2010 7:19 AM

Trade balance in Germany showed a narrowedsurplus to 13.5 billion euros in December compared with the prior 17.4 billion euros revised to 17.2 billion euros and median forecasts of 15.0 billion euros. Imports inclined to 4.5% from the revised -6.2% from -5.9%, higher than estimates of 3.0%. Exports rose to 20.6% from 1.6% prior revised up to 17.8% which is higher than projections of -0.1%.

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Current account also showed a narrowed surplus to 3.0 billion euros relative to the revised 1.1 billion euros from 18.1 billion euros and predictions of 19.1 billion euros surplus.

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