Germany: Trade surplus narrows less than expected in September

FXstreet.com (Barcelona) - German Trade surplus narrowed to €17 billion in September from €18.1 billion in August, according to data released today by Destatis. Analysts expected the surplus to narrow to €16.8 billion.

German Current Account surplus widened to €16.3 billion in September, from €12.5 billion in August and against forecasts of narrowing to €10.8 billion.

German Exports decreased 2.5% in September, in comparison with the 2.3% growth in August and below market consensus of -1.5%. German Imports declined 1.6%, following a 0.4% rise and considerably below forecasts of a 0.1% drop.

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