Germany: Trade surplus widens against expectations in August

FXstreet.com (Barcelona) - German Trade surplus s.a. widened to €18.3 billion in August from €16.3 billion in July, according to data released today by Destatis. Analysts expected the surplus to narrow to €15.3 billion.

German Current Account n.s.a. surplus narrowed to €11.1 billion in August, from €11.7 billion in July and below forecasts of widening to €13 billion.

German Exports rose 2.4% in August, in comparison with 0.5% growth in July, against market consensus of a 0.5% drop. German Imports increased 0.3%, following a 0.9% rise, in line with expectations.

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