German trade surplus widens unexpectedly in December

BERLIN (Reuters) - Germany's trade balance widened unexpectedly in December, when a surprise growth in imports was exceeded by a still greater surprise in export volumes, the Federal Statistics Office said on Friday.
Seasonally adjusted exports rose 1.5 percent month-on-month - up from a 0.4 percent fall in the previous month, and confounding forecasts of 0.2 percent growth - while imports rose 1.2 percent, compared to a 1.6 percent decline the previous month.
That meant the trade surplus widened to 19.4 billion euros from 18.4 billion euros the month before.
(Reporting by Thomas Escritt; editing by Thomas Seythal)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 08 2019 | 12:50 PM IST
