German Trade Surplus Surge in March

By @ibtimes on

Germany reported strong trade figures for March opposed to all expectations. The trade surplus widened strongly on the surge in exports, where they rallied on the month by 7.3% from a revised 2.8% from 2.7% and above the expected 1.1 percent. The rise in exports offset the gain in exports that added 3.1% down from a revised 4.0% from 3.7 percent and above the expected 0.8%.

The trade surplus widened to 18.9 billion euros from a revised 11.9 billion from 12.1 billion and strongly above the expected 11.8 billion. The Current Account surplus also widened to 19.5 billion from a revised 8.7 billion from 8.9 billion and also above the expected 13.3 billion surplus.

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