German Aug trade surplus 11.2 bln eur vs 13.2 bln in July
Germany's balance of trade surplus in August fell to 11.2 bln eur from an upwardly revised 13.2 bln in July and 11.6 bln in August last year, according to unadjusted provisional figures from the Federal Statistics Office. It said the current account surplus in August was 2.4 bln eur compared with a revised 7.2 bln in July and 3.0 bln from August last year. Analysts polled by AFX News had forecast the balance of trade surplus in August to be at 12.5 bln eur. The Statistics Office also said German exports reached 69.4 bln eur in August, down from 73.1 bln in July but up from 63.3 bln in August last year. Imports stood at 58.2 bln eur, down from 59.9 bln in July and compared with 51.8 bln in August last year.
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