• +EUR 22.1bln prev revised up from +21.9bln
  • current account EUR +18.6bln vs +23.0 bln exp vs +22.1bln prev revised down from +22.5bln
  • exports mm SA -2.1% vs -1.0% exp vs -0.5% prev
  • imports +1.5% vs +0.5% vs -3.3% prev revised down from -3.1bln%

Mixed data sees EURUSD a tad higher at 1.1798

Weaker exports vs strong imports suggests Germany is at least consuming, even if it’s selling less of what it produces

German trade balance mm table

German trade balance mm table

German trade balance mm

German trade balance mm

German exports mm

German exports mm

German imports mm

German imports mm