German Trade Surplus Narrows as Imports Outpace Exports
The calendar- and seasonally adjusted surplus fell to €15.6bn from €17.9bn in August, below the €19.2bn consensus forecast. Imports rose 4.2% month on month to €125.5bn, while exports increased 2.0% to €141.1bn.
The calendar- and seasonally-adjusted trade surplus fell to €15.6bn from €17.9bn in August, coming in well below the consensus forecast of €19.2bn.Imports jumped 4.2% month-on-month to €125.5bn, while exports increased by a more modest 2.0% to €141.1bn, reversing a 0.4% decline in August.On an annu…