Germany Trade Balance Surplus widens in August

By @ibtimes on

Germany released the trade balance for August, where the surplus widened to 11.8 billion euros from the revised previous of 10.5 billion from 10.4, better than the expected 8.2 billion euros.

Moreover, the seasonally adjusted exports index expanded to 3.5% from the prior revised drop of 1.2% from 1.8%, also better than the expected expansion of 1.3%. In addition, the seasonally adjusted imports index was unchanged in August from the revised prior expansion of 0.5% from the 0.3% drop, below the expected expansion of 0.6%.

Furthermore, Germany current account surplus narrowed to 7.0 billion euros from the revised prior of 7.8 billion from 7.5 billion, better than the expected surplus of 5.1 billion euros.

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