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Macroeconomics  |  October 08, 2010 15:23:23

Germany's trade surplus in August reached 11.7 billion euros


Germany's foreign trade balance showed a seasonally adjusted according to the August data a surplus of 11.7 billion euros, while in August of 12.6 billion euros a year ago and 10.9 billion euros, the Federal Statistical Office reported. Seasonally adjusted exports slowed by 0.4% to 81.8 billion euros, but imports grew by 0.9% to 70.1 billion euros. The biggest exporter and has the second month in a row slowdown. In June exports accelerated to 3.7% in May jumped by 7.9%.

Current account in Germany in August, down from the revised value of 9.1 billion euros to 4.6 billion euros. A majority consensus expected August trade surplus of Germany of 11.5 billion euros and 7.0 billion current account euros.

In comparison, seasonally adjusted value of exports of Germany by 26.8% to 75.1 billion euros, while the value of imports by 29.2% to 66.1 billion euros. For the first eight months of this year, export value grew by 19.2% to 616.4 billion euros, of which 14.3% 27EU for 372.3 billion euros and to third countries by 27.7% over the 244.1 billion euros. Value of imports from January to August increased by 19.3% to 519.2 billion euros. Imports from the EU increased by 17.0% over the 328.9 billion euros and imports from third countries by 23.3% over the 190.2 billion euros.

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