German trade balance, May 2017 in at 22.0bn EUR, a big beat
- expected 18.7bn surplus, prior 18.1bn
Current account 17.3bn and a beat here too
- expected 15.4bn, prior 14.9bn
Exports +1.4% sa m/m also a beat
- expected +0.3%, prior +0.9%
Imports +1.2% sa m/m also a beat
- expected +0.3%, prior +1.2%
More solid figures from Germany ... you often hear officials there sounding hawkish on ECB policy, but German industry loves loos money and a lowish euro:
- Exports are up for their fifth consecutive monthly increase in May
Meanwhile the IMF (back on Friday) repeated its call for Germany to increase investment to help reduce its current account surplus and suck in more imports ... and thus help other countries. If the IMF was driving on an autobahn a German industrialist would roll over them in a big Merc. without a backwards glance ;-) .
