Latest data released by Destatis - 8 April 2019
- Prior €14.5 billion
- Current account balance €16.3 billion vs €19.0 billion expected
- Prior €18.3 billion
- Exports -1.3% vs -0.5% m/m expected
- Prior 0.0%; revised to +0.1%
- Imports -1.6% vs -0.6% m/m expected
- Prior +1.5%; revised to +1.4%
Slight delay in the release by the source. Exports continue to decline and that's characteristic of the slumping manufacturing sector sentiment that we saw over the past two months, as indicated by the new orders index.
This just continues to show that the country's economic problems run deep and as long as global trade conditions aren't improving, so will Germany's economy. A dip in imports also is a bit of an issue as it highlights weakening domestic demand as well.
