Germany: growing trade surplus in March

9 years ago - Published in Finance, Forex

Growing surplus of the German trade balance in March, thanks to the recovery in exports.

The trade surplus stood at € 23.6 billion, revised from a surplus of 20 billion the previous month (19.8 billion the first reading) and increased slightly compared to the 23 billion in the same month of 2015. the expectations of analysts was for a 20.5 billion surplus.

According to data published by the Federal Office of Statistics (Destatis), exports grew by 1.9% while imports fell by 2.3%.