German Trade Narrows Slightly in October
German trade surplus fell slightly to EUR 18.9 billion in October 2017 from EUR 19.2 billion in the same month a year earlier, as exports rose by 6.8 percent year-on-year to EUR 108.0 billion while imports went up by 8.3 percent to EUR 89.1 billion.
In October, exports to the EU grew by 8.7 percent to EUR 64.5 billion, of which Euro area countries (8.6 percent to EUR 40.4 billion) and other European countries (9.1 percent to EUR 24.1 billion). Also, sales to countries outside the EU went up by 4.1 percent to EUR 43.5 billion.
Imports from the EU rose 10.1 percent to EUR 59.6 billion, of which Euro area countries (9.3 percent to EUR 39.8 billion) and other European countries (11.9 percent to EUR 19.8 billion). In addition, inbound shipments from countries outside the EU increased by 4.8 percent to EUR 29.4 billion.
Considering January to October 2017, the trade surplus was registered at EUR 203.2.8 billion, down from EUR 208.6 billion in the same period of 2016.
On a seasonally adjusted basis, the trade surplus narrowed to EUR 19.9 billion, following a marginally revised EUR 21.9 billion in September and below estimates of a surplus of EUR 21.8 billion.
12/8/2017 8:10:16 AM