German Aug. Trade Surplus Declines; Exports Fall Unexpectedly

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The German trade surplus stood at EUR 8.1 billion in August, down from July's EUR 14.1 billion and the expected surplus of EUR 12 billion, the Federal Statistical Office said Friday. A year ago, the surplus was EUR 10.8 billion.

On a monthly basis, exports slipped 1.8% in August, reversing July's 1.7% rise. Economists were expecting a monthly growth of 1.9%. Meanwhile, imports rose 1.1%, larger than the 0.1% increase seen in July and 0.9% expected by economists.

According to provisional results of the Deutsche Bundesbank, the current account surplus fell to EUR 4.6 billion from EUR 11.4 billion in July.

The German trade surplus stood at EUR 8.1 billion in August, down from July's EUR 14.1 billion and the expected surplus of EUR 12 billion, the Federal Statistical Office said Friday. (Market News Provided by RTTNews)