German current account narrowed its surplus in April to 11.8 billion euros compared with 18.0 billion euros in March revised to 18.1 billion euros and forecasts of 12.2 billion euros surplus.

Trade surplus for the same month narrowed to 13.4 billion euros from 17.2 billion euros which was revised to 16.9 billion euros, lower than median estimates of 15.0 billion euros surplus. Exports slipped to -5.9% from the revised 10.8% from 10.7%, below projections of -2.0%. Imports plummeted to -7.3% from 11.0% revised upwards to 11.4%, while economists expected the reading to reach -3.0%.