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Macroeconomics  |  September 08, 2010 14:23:06

Germany's trade surplus in July rose to 12.7 billion euros


Germany's foreign trade balance showed by July's seasonally adjusted data surplus 12.7 billion euros, while the June 12.4 billion euros, the Federal Statistical Office reported. Seasonally adjusted exports slowed by 1.5% to 82.2 billion euros, but imports fell by 2.2% to 69.5 billion euros. In June, exports of key global exporter accelerated by 3.7% in May jumped by 7.9%.

Current account in Germany in July, down from the revised value of 12.7 billion euros to 9.0 billion euros. A majority consensus expected the trade surplus 12.8 billion euros in Germany and the current account 11.5 billion euros.

In comparison, seasonally adjusted value of exports from Germany to 18.7% to 83.0 billion euros, while the value of imports by 24.9% to 69.5 billion euros. In the first seven months of this year the export value increased by 18.3% to 541.3 billion euros, of which 13.8% 27EU for 328.5 billion euros and to third countries by 26.0% over the 212.8 billion euros. Value of imports from January to July rose by 17.9% to 453.0 billion euros. It imports from the EU grew by 16.1% over the 288.3 billion euros from third countries by 21.4% over the 164.8 billion euros.

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