Latest data released by Destatis - 7 September 2018
- Prior €21.8 billion
- Current account balance €15.3 billion vs €20.0 billion expected
- Prior €26.2 billion
- Exports -0.9% vs +0.3% m/m expected
- Prior 0.0%; revised to +0.1%
- Imports +2.8% vs +0.1% m/m expected
- Prior +1.2%; revised to +1.3%
Slight delay in the release by the source. Slightly lower trade surplus for July but the highlight is the continued weakening in exports and that is not a good way to start off Q3. With questions already hanging on export demand and factory orders, this doesn't bode well moving forward. And with the trade outlook also weighing on German companies, it's not welcome news surely.
