Latest data released by Destatis - 8 June 2018
- Prior €25.2 bn; revised to €24.7 bn
- Current account balance €22.7 bn vs €20.0 bn expected
- Prior €29.1 bn
- Exports -0.3% vs -0.3% m/m expected
- Prior +1.7%; revised to +1.8%
- Imports +2.2% vs +0.6% m/m expected
- Prior -0.9%; revised to -0.2%
The trade balance figures are more or less within expectations. Exports are weaker once again, but imports are showing a decent beat. That pretty much negates each other but I'd be worried about the exports slowdown if I were German authorities. Not much else to glean from the report.
