Germany Trade Surplus Below Forecasts


Germany posted a €15.3 billion trade surplus in August of 2015, up from €13.9 billion a year earlier but well below market expectations. It is the smallest trade surplus in a year as export growth slowed for the second straight month. Yet, compared to the previous month, sales plunged the most in more than six years.

In August, the country exported goods to the value of €88.0 billion, up 5 percent year-on-year, the lowest gain in three months while imported goods rose 4 percent to the value of €72.8 billion. 

Germany dispatched goods to the value of €49.4 billion (+3.5 percent year-on-year) to the Member States of the European Union, while it received goods to the value of €46.2 billion (+4.4 percent) from those countries. Goods to the value of €30.0 billion (+2.1 percent) were dispatched to the Euro area countries in August 0f 2015, while the value of the goods received from those countries was €31.5 billion (+3.2 percent). Sales to EU countries not belonging to the Euro area increased by 5.8 percent to €19.3 billion while the value of the goods which arrived from those countries was 14.8 billion euros (+7.1 percent).

Exports to countries outside the European Union amounted to €38.7 billion in August 2015 (+6.8 percent), while imports from those countries totaled €26.5 billion (+3.2 percent). 

On a seasonally adjusted basis, exports fell 5.2 percent from July, the biggest fall since January of 2009 while imports slumped 3.1 percent, bringing the trade surplus down to €19.6 billion in August from €22.4 billion in July. 

Germany Trade Surplus Below Forecasts


Destatis l Rida Husna | rida@tradingeconomics.com
10/8/2015 9:32:08 AM