German Trade Surplus Widens in January
The German trade surplus increased to EUR 17.4 billion in January of 2018 from EUR 14.6 billion in the same month a year earlier, as exports rose more than imports.
In January, exports rose 8.6 percent year-on-year to EUR 107.1 billion. Sales to the EU grew by 10.7 percent to EUR 64.9 billion, of which Euro area countries (11.2 percent to EUR 37.2 billion) and other European countries (9.9 percent to EUR 23.8 billion). Also, sales to countries outside the EU grew by 5.5 percent to EUR 42.2 billion.
Imports increased by 6.7 percent to EUR 89.7 billion. Purchases from the EU rose 6.9 percent to EUR 49.6 billion, of which Euro area countries (6.7 percent to EUR 32.1 billion) and other European countries (7.2 percent to EUR 17.5 billion). Also, purchases from countries outside the EU increased by 6.6 percent to EUR 40.1 billion.
On a seasonally adjusted basis, the trade surplus was little changed at EUR 21.3 billion (from EUR 21.4 billion in a month earlier) while markets estimated a EUR 21.1 billion surplus. Exports fell by 0.5 percent from the prior month, after a 0.3 percent rise in December and missing estimates of a 0.3 percent growth. Imports dropped by 0.5 percent, compared to a 1.1 percent rise in the prior month and worse than forecasts of a 0.1 percent fall.
3/9/2018 7:39:54 AM