• EUR +18.9 bln
  • exports m/m sa -0.9% vs +0.8% exp vs +0.7% prev
  • imports m/m sa -0.6% vs +1.2% exp vs -2.3% prev

Narrowing of surplus and sharp contraction in both exports and imports not good

EURUSD a little lower at 1.3583

German trade balance table 7 Feb

German trade balance table 7 Feb