Mubasher: Contrary to expectations, Germany’s trade balance surplus increased during September, led by a decrease in imports.
Germany’s Federal Statistical Office on Thursday reported that trade surplus in Europe’s largest economy reached EUR 21.8 billion in September, versus EUR 21.3 billion in August.
Analysts had forecast a decline in Germany’s trade balance surplus to EUR 21 billion
Meanwhile, German exports dropped by 0.4%, according to seasonally adjusted data, while imports declined by 0.1% in September.
By 09:18 am GMT, the euro was stable against dollar at $1.1599.