Germany: Trade surplus widens to €15.6B in August

FXstreet.com (Barcelona) - German Trade surplus widened to €15.6 billion in August from €15.0 billion in July, according to data released today by Destatis. Analysts expected the surplus to widen to €15.1 billion.

German Current Account surplus narrowed to €9.4 billion in August, from €14.2 billion in July and below forecasts of narrowing to €13.5 billion.

German Exports increased 1% in August, in comparison with the 0.8% drop in July, below market consensus of +1.5%. German Imports rose 0.4%, up from the 0.3% increase and below forecasts of 0.9% growth.