and Current Account Surplus – Eur 2.2bn vs April Eur 11.3bn

Exports rose to Eur 80.8bn ( up 9.2% m/m) helped by strong asian demand and a weaker euro

Imports rose to Eur 70.3bn ( up 14.8%) – the biggest rise since reunification

Perhaps the importing of large quantities of vuvuzelas was of importance – watch out for a reversal next month as they export them back again………