German August trade balancereport 10 Oct
- EUR +19.5bln
- current account balance €+17.9bln vs +15.0bln exp vs +20.2bln prev revised up from +18.6bln
- exports SA mm +5.4% vs 2.2% exp vs -2.6% prev
- imports SA mm +3.0% vs +0.7% exp vs -0.7%
Crisis what crisis? Better trade report all round for the Eurozone's largest economy but still down on 2016 overall.
Exports saw fastest rise since May 2010 and that will encourage those who see stronger Q3 growth.
Euro not impressed though. EURUSD and EURGBP both a tad lower at 1.1177 and 0.9015