Trade balance surplus in Germany unexpectedly down in February

The surplus of trade balance in Germany unexpectedly declined in February to EUR14.2bln, the Federal Statistical Office reported today. In January the surplus of German trade balance was 16.2bln. The index was expected to decrease to 16.0bln.

Upon calendar and seasonal adjustment, exports rose by 1.9% and imports by 5.6% in February on month.

The current account of the balance of payments was EUR8.4bln in February, compared with 11.2bln in the preceding month. The analysts estimated the decrease to 10.1bln.

Source : www.northfinance.com