FXstreet.com (Barcelona) - Trade balance rose to the level of 19.3 billion euros in November from the upwardly revised 18.9 billion posted in October, according to the latest information by Destatis.
The result is higher than the market expectations of a 17.5 billion euros reading. October's data was revised from the 18.7 billion euros initially posted.
In seasonally adjusted terms the foreign trade balance registered a surplus of 19.3 billion euros in November, up from the 18.3 billion posted in October. Unadjusted, exports declined to 85.1 billion euros from the 88.8 billion seen in October, while imports declined to 66.9 billion euros in November from the 70 billion euros the previous month.