German Trade Surplus Rises In January
Germany reported a EUR 14.8 billion trade surplus in January of 2017, widening from EUR 13.2 billion a year earlier. Yet, it is the highest surplus for a January month since 2015, as exports rose 11.8 percent year-on-year to EUR 98.9 billion while imports went up 11.7 percent to EUR 84.0 billion.
Sales to the European Union increased 8 percent year-on-year to EUR 58.8 billion while imports rose at a faster 11.3 percent to EUR 53.9 billion. Considering the Euro Area only, shipments went up 8.4 percent to EUR 37.1 billion and imports increased 9.3 percent to EUR 36.4 billion. Sales to EU countries outside the Eurozone rose 7.3 percent to EUR 21.7 billion and purchases jumped 15.6 percent to EUR 17.5 billion.
Outside the European Union, exports surged 17.7 percent to EUR 40.1 billion and imports increased 12.4 percent to EUR 17.5 billion.
In December of 2016, the trade surplus came in at EUR 18.7 billion.
On a seasonally adjusted basis, exports increased by 2.7 percent from the previous month while imports surged 3 percent. Markets were expecting a 1.85 percent rise for exports and a 0.5 percent gain for imports.
3/10/2017 9:07:02 AM