Germany Trade Surplus Below Forecasts

Germany posted a €15.3 billion trade surplus in August of 2015, up from €13.9 billion a year earlier but well below market expectations. It is the smallest trade surplus in a year as export growth slowed for the second straight month. Yet, compared to the previous month, sales plunged the most in more than six years.
Destatis l Rida Husna | rida@tradingeconomics.com 10/8/2015 9:32:08 AM
In August, the country exported goods to the value of €88.0 billion, up 5 percent year-on-year, the lowest gain in three months while imported goods rose 4 percent to the value of €72.8 billion. 

Germany dispatched goods to the value of €49.4 billion (+3.5 percent year-on-year) to the Member States of the European Union, while it received goods to the value of €46.2 billion (+4.4 percent) from those countries. Goods to the value of €30.0 billion (+2.1 percent) were dispatched to the Euro area countries in August 0f 2015, while the value of the goods received from those countries was €31.5 billion (+3.2 percent). Sales to EU countries not belonging to the Euro area increased by 5.8 percent to €19.3 billion while the value of the goods which arrived from those countries was 14.8 billion euros (+7.1 percent).

Exports to countries outside the European Union amounted to €38.7 billion in August 2015 (+6.8 percent), while imports from those countries totaled €26.5 billion (+3.2 percent). 

On a seasonally adjusted basis, exports fell 5.2 percent from July, the biggest fall since January of 2009 while imports slumped 3.1 percent, bringing the trade surplus down to €19.6 billion in August from €22.4 billion in July. 

Germany Trade Surplus Below Forecasts