German Exports Rise Unexpectedly in March, Surplus Widens

 

The Federal Statistical Office revealed Friday that exports increased 1.5% in March over February to 112.7 billion euros (6.5 billion), where economists had been anticipating minimal decrease. Imports rose 0.4 percent to 92.7 billion euros in figures modified for calendar and seasonal effects.

 

That left the trade surplus at 20 billion euros, up from 18.7 billion euros the preceding month.

 

In unadjusted data, total exports came in at 118.3 billion euros, up 1.9 percent over March 2018, while imports totaled 95.6 billion euros, up 4.5 percent over last March. The unadjusted trade surplus dumped from 24.6 billion euros in March 2018 to 22.7 billion euros in March 2019.

 

This article is originally posted on TRONSERVE.COM