finance
Germany Trade Surplus Expands to 19.1 Billion Euros in May
Germany recorded a seasonally adjusted trade surplus of 19.1 billion euros in May, above the 14.8 billion euro consensus forecast. Exports rose 0.9 percent while imports fell 2.5 percent, with U.S. demand driving the gain.
Jul 9, 2:00 AM·1m read2 sources
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Germany's seasonally adjusted trade surplus reached 19.1 billion euros in May, exceeding analyst expectations. @LiveSquawk reported the figure compared with a consensus estimate of 14.8 billion euros and the April surplus of 14.5 billion euros. The foreign trade balance showed a surplus of 19.1 billion euros, up from 14.7 billion euros the prior month.
Exports increased 0.9 percent month on month, against a forecast decline of 0.4 percent. Imports dropped 2.5 percent, steeper than the expected 0.8 percent fall. Exports to the United States rose 23.1 percent on the month.
Exports to EU countries declined 1.1 percent while shipments to non-EU countries increased 3.6 percent. A Reuters poll had forecast a 0.3 percent month-on-month decrease in overall exports.
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