German trade balance shows a narrowed surplus
Trade balance in Germany showed a narrowed surplus to 13.5 billion euros in December compared with the prior 17.4 billion euros revised to 17.2 billion euros and median forecasts of 15.0 billion euros. Imports inclined to 4.5% from the revised -6.2% from -5.9%, higher than estimates of 3.0%. Exports rose to 3.0% from 1.6% prior revised up to 1.1% which is higher than projections of -0.1%.
Current account, however, showed a widened surplus to 20.6 billion euros relative to the revised 17.8 billion euros from 18.1 billion euros and predictions of 19.1 billion euros surplus.