Germany released the trade balance figures for February, where the trade surplus widened to 14.7 billion euros from the revised previous surplus of 13.2 billion from 13.1 billion, beating expectations of 12.0 billion euros, supported by the unexpected expansion in exports, which advanced 1.6% in the month more than expectations of 1.2% drop, compared with the revised previous expansion of 3.4% from 2.3%.

On the other hand, imports added 3.9% in the period, from the prior expansion of 2.4%, beating median estimates of 1.3%. The German current account however widened to 11.1 billion euros from the revised previous surplus of 9.5 billion from 8.0, yet below projections of 12.0 billion euro.