The FINANCIAL — The German trade surplus grew in August, as exports grew faster than imports, official data showed on Monday.
Europe's biggest economy exported goods worth a total 95.0 billion euros ($123 billion) in seasonally-adjusted terms in August, 2.4 percent more than in July, the national statistics office Destatis said. As EUbusiness reported, imports were up 0.3 percent at 76.7 billion euros, so that the seasonally-adjusted trade surplus grew to 18.3 billion euros in August from 16.3 billion euros in July.
Taking the eight months to August as a whole, German exports rose 5.5 percent over the year-earlier period to 734.1 billion euros in unadjusted terms, while imports were up 2.1 percent at 607.5 billion euros.
That meant the January-August trade surplus increased by 25.5 percent to 126.6 billion euros.
Discussion about this post