Germany's current account for January witnessed shrinkage in surplus to 3.6 billion euros from the revised prior surplus of 19.9 billion euros from 20.6 billion euros while the markets were projecting a surplus of 15.0 billion euros.

Trade balance for January also witnessed narrowing in trade surplus to 3.6 billion euros from the revised previous surplus of 13.4 billion euros from 13.5 billion euros while the markets were projecting a surplus of 15.0 billion euros. Imports rose to 6.0% from the revised previous reading of 5.0% from 4.5% which is higher than the expected 1.2% while exports declined to -6.3% from the revised prior 3.4% from 3.0% and much worse than the forecasted 0.5%.