Germany July trade balance €21.4 billion vs €17.4 billion expected
Latest data released by Destatis - 9 September 2019
- Prior €16.8 billion; revised to €16.6 billion
- Current account balance €22.1 billion vs €16.4 billion expected
- Prior €20.6 billion
- Exports +0.7% vs -0.5% m/m expected
- Prior -0.1%
- Imports -1.5% vs -0.3% m/m expected
- Prior +0.5%; revised to +0.7%
Slight delay in the release by the source. The good news is that exports are seen bouncing back a little but poorer domestic demand kind of takes the shine off the report here.
On the balance of things, I would argue that the data above isn't all too bad but we'll have to see more consistent improvement in exports - which is unlikely - to be sure of any potential rebound in economic sentiment.
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