German trade surplus stronger than expected
AFP - [email protected]
Published: 10 Mar, 2008 CET.
Updated: Mon 10 Mar 2008 09:01 CET
Germany notched up a trade surplus of €17.1 billion ($26.2 billion) in January, better than expected by economists and despite the strong euro, figures released Monday by the national statistics office showed.
In December, the biggest European economy had recorded a surplus of 10.7 billion euros, the Destatis office said.
Economists polled by Thomson Financial News had forecast a €15 billion surplus in January.
Despite the euro climbing toward record highs, German exports increased by 3.8 percent on a monthly basis, though imports grew by 4.2 percent, the seasonally corrected data showed.
Germany’s current account – the widest measure of its trade and financial transactions with other countries – ended January with a surplus of €15 billion, down from €16.8 billion one month earlier.
Comments
See Also
In December, the biggest European economy had recorded a surplus of 10.7 billion euros, the Destatis office said.
Economists polled by Thomson Financial News had forecast a €15 billion surplus in January.
Despite the euro climbing toward record highs, German exports increased by 3.8 percent on a monthly basis, though imports grew by 4.2 percent, the seasonally corrected data showed.
Germany’s current account – the widest measure of its trade and financial transactions with other countries – ended January with a surplus of €15 billion, down from €16.8 billion one month earlier.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.