Latest data released by Destatis - 9 July 2018
- Prior €20.4 billion; revised to €20.1 billion
- Current account balance €12.6 billion vs €19.8 billion expected
- Prior €22.7 billion; revised to €23.5 billion
- Exports +1.8% vs +0.7% m/m expected
- Prior -0.3%
- Imports +0.7% vs -0.5% m/m expected
- Prior +2.2%; revised to +2.6%
Slight delay in the release by the source. A narrower trade surplus than expected, but exports grew much more than expected and that is a major plus for the German economy after the setback seen in the prior months.
A little piece of good news at least for the German economy, a much needed reprieve at the very least even if the data isn't of major importance.
