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Germany: Trade surplus narrows against expectations in November

By FXstreet.com,  January 08, 2013, 02:12:00 AM EDT

FXstreet.com (Barcelona) - German Trade surplus s.a. narrowed to €14.6 billion in November from €14.9 billion in October, according to data released today by Destatis. Analysts expected the surplus to widen to €15 billion.

German Current Account surplus n.s.a. widened to €15.3 billion in November, from €13.2 billion in October.

German Exports decreased 3.4% in November, in comparison with the 0.2% growth in October, below market consensus of -0.5%. German Imports declined 3.7%, following a 2.9% rise and against forecasts of a 0.4% increase.




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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