German Trade Surplus Widens in April
The German trade surplus increased to EUR 20.4 billion in April of 2018 from EUR 17.8 billion in the same month a year earlier, as exports rose more than imports.
Exports jumped 9.3 percent from a year earlier to EUR 110.3 billion in April
. Sales to the EU grew by 9 percent to EUR 66.2 billion, of which Euro area countries (9.6 percent to EUR 41.9 billion) and other European countries (7.8 percent to EUR 24.3 billion). Also, sales to countries outside the EU went up 9.9 percent to EUR 44.1 billion.
Imports increased at a softer 8.2 percent to EUR 89.9 billion
. Purchases from the EU rose 8.9 percent to EUR 51.8 billion, of which Euro area countries (9.3 percent to EUR 33.6 billion) and other European countries (8.1 percent to EUR 18.2 billion). Also, inbound shipments from countries outside the EU increased by 7.3 percent to EUR 38 billion.
On a seasonally adjusted basis, the trade surplus fell to EUR 19.4 billion in April
from a marginally revised EUR 21.6 billion in a month earlier and below market expectations of EUR 21 billion. Exports fell by 0.3 percent from the prior month, after a 1.8 percent rise in March while markets expected a 0.15 percent drop. Imports increased by 2.2 percent, compared to a 0.2 percent fall in March and above forecasts of a 0.6 percent growth.
6/8/2018 8:56:28 AM