German trade surplus widened in June to 14.1 billion euros from the prior 9.7 billion euros which was revised to 9.8 billion euros surplus, while analysts expected 12.0 billion euros surplus.

The surplus was buoyed by the rise in exports to 12.9% compared with the revised 1.8% from the initial 9.2%, beating estimates of 1.5%. On the other hand, imports slipped to 1.9% relative to the revised 13.7% from 14.8%, where forecasts were -2.0%.

Moreover, current account surplus narrowed to 3.8 billion euros from May's reading that was revised to 7.9 billion euros from 2.2 billion euros, lower than projections of 13.6 billion euros surplus.