Latest data released by Destatis - 9 December 2020
- Prior €20.8 billion; revised to €20.6 billion
- Current account balance €22.5 billion
- Prior €26.3 billion
- Exports +0.8% vs +1.3% m/m expected
- Prior +2.3%
- Imports +0.3% vs +1.2% m/m expected
- Prior -0.1%; revised to +0.2%
The bright spot in the report is that exports and imports continue to improve, albeit at a slower pace than estimated. That reaffirms the gradual recovery in trade conditions but they are still some way off pre-virus levels as we look towards the year-end.
