RTTNews - Tuesday, the Federal Statistical Office said Germany's trade surplus declined to EUR 9.4 billion in April from EUR 11.3 billion in the previous month. The surplus stood above the expected level of EUR 9.3 billion. Upon calendar and seasonal adjustment, the foreign trade surplus totaled EUR 9 billion.
According to provisional results of the Deutsche Bundesbank, the current account balance showed a surplus of EUR 5.8 billion in April, much smaller than the EUR 15.4 billion in April 2008.
Exports slipped 28.7% annually versus a 16.2% decline in March. Exports of commodities totaled EUR 63.8 billion, down 4.8% from the previous month. Meanwhile, imports dropped 5.8% month-on-month, taking the annual fall to 22.9%. Economists were expecting exports to drop 0.1% and imports to grow 0.5%.
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