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Germany: Trade surplus narrows €15.7B in January

By FXstreet.com,  March 11, 2013, 03:10:00 AM EDT

German Trade surplus narrowed to €15.7 billion in January from €16.9 billion in December, according to data released today by Destatis. Analysts expected the surplus to narrow to €15.8 billion. German Current Account surplus narrowed to €11.3 billion in January, from €20.2 billion in December.

German Exports rose 1.4% in January, in comparison with the 0.2% growth in December, above market consensus of increasing 0.3%. German Imports climbed 3.3%, following a 1.5% drop and above forecasts of a 1% rise.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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