The German economy released its Trade Balance report, showing a lower surplus compared with the previous reported estimate. November trade reached €12.9 billion, compared with the previous €14.2 billion surplus, while below the expected €15.0 billion.

Exports rose slightly in November, as it rose by 0.5%, compared with the previous revised drop of -1.3%, while trailing expectations of 1.0% rise. Imports on the other hand, rose by 4.1%, compared with the previous revised 0.1% and the expected 1.6 percent.

The German Current Account dipped in November to €12.0 billion, compared with the previous revised €12.1 billion, while below the expected €15.5 billion.