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Germany: Trade surplus narrows less than expected in July

By FXstreet.com,  September 07, 2012, 02:13:00 AM EDT

FXstreet.com (Barcelona) - German Trade surplus narrowed to €16.1 billion in July from €16.3 billion in June, according to data released today by Destatis. Analysts expected the surplus to narrow to €15.5 billion.

German Current Account surplus narrowed to €12.8 billion in July, from €18.5 billion in June and below forecasts of decreasing to €13.5 billion.

German Exports grew 0.5% in July, in comparison with the 1.4% drop in June, against market consensus of a 0.5% fall. German Imports rose 0.9%, following a 2.9% decline and against forecasts of a 0.3% drop.




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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