German Trade Surplus Widens Slightly in August
German trade surplus increased slightly to EUR 20.0 billion in August 2017 from EUR 19.6 billion in the same month a year earlier, as exports rose by 7.2 percent year-on-year to EUR 103.1 billion and imports went up by 8.5 percent to EUR 83.0 billion.
In August, sales to the EU grew by 8.5 percent to EUR 58.6 billion, of which the Euro area countries (10.6 percent to EUR 36.0 billion) and other European countries (5.4 percent to EUR 22.7 billion). Also, sales to countries outside the EU went up 5.6 percent to EUR 44.4 billion.
Imports from the EU rose 10.8 percent to EUR 53.8 billion, of which the Euro area countries (10.4 percent to EUR 35.9 billion) and other European countries (11.4 percent to EUR 17.9 billion). In addition, inbound shipments from countries outside the EU increased by 4.5 percent to EUR 29.2 billion.
Considering January to August 2017, the trade surplus narrowed to EUR 160.7 billion from EUR 167.0 billion in the same period of 2016.
On a seasonally adjusted basis, the trade surplus went up to EUR 21.6 billion from a marginally revised EUR 19.3 billion in July. Exports grew by 3.1 percent, following a 0.2 percent rise in a month earlier and imports were up 1.2 percent, compared to an upwardly revised 2.4 percent growth in July.
10/10/2017 10:44:27 AM