Latest data released by Destatis - 11 March 2019
- Prior €13.9 billion; revised to €14.3 billion
- Current account balance €18.3 billion vs €18.0 billion expected
- Prior €21.0 billion
- Exports 0.0% vs -0.5% m/m expected
- Prior +1.5%
- Imports +1.5% vs -0.1% m/m expected
- Prior +1.2%; revised to +0.7%
Slight delay in the release by the source. Exports were flat on the month but at least did not decline as expected and imports improved, highlighting that domestic demand remains resilient as we begin the new year. That should be of some comfort to German authorities but it doesn't take away from the fact that the economy is still struggling compared to the start of 2018.
