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8 Feb 2013
Germany: Trade surplus widens more than expected in December
German Trade surplus s.a. widened to €16.8 billion in December from €14.6 billion in November, according to data released today by Destatis. Analysts expected the surplus to widen only to €14.8 billion.
German Current Account n.s.a. surplus widened to €17.3 billion in December, from €16.2 billion in November and above forecasts of widening to €17 billion.
German Exports increased 0.3%, in comparison with the 2.2% drop, below market consensus of +1.3. German Imports declined 1.3%, following a 3.8% fall and against forecasts of a 1.4% increase.
German Current Account n.s.a. surplus widened to €17.3 billion in December, from €16.2 billion in November and above forecasts of widening to €17 billion.
German Exports increased 0.3%, in comparison with the 2.2% drop, below market consensus of +1.3. German Imports declined 1.3%, following a 3.8% fall and against forecasts of a 1.4% increase.