Germany’s exports grew at a faster than expected pace of 1.4 percent in January from a month ago, data from the Federal Statistical Office showed Monday. Economists had forecast the rate to rise to 0.5 percent from 0.2 percent in December.
Likewise, imports advanced 3.3 percent, sharper than the 0.7 percent rise expected by economists. Moreover, it reversed December’s 1.5 percent fall.
On a yearly basis, exports grew 3.1 percent and imports rose 2.9 percent in January.
The trade surplus increased to EUR 13.7 billion from EUR 12.1 billion in the previous month. Nonetheless, it was below the consensus forecast of EUR 14.4 billion.
The current account surplus totaled EUR 11.3 billion compared to EUR 20.2 billion a month ago.
by RTT Staff Writer
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