Trade surplus in Germany improved during the month of September, largely missing what markets had initially anticipated.
German trade data showed exports and imports contracted by 0.7 and 0.5 percent respectively, in September from August, with the export decline slightly worse and the import decrease better than expectations, data released by the Federal Statistical Office showed Tuesday.
A Reuters poll had pointed to exports falling by 0.85 percent and imports shrinking by 0.2 percent.
Compared with September 2015 exports were up 0.9 percent but imports were down 1.4 percent, with the notable drags on the figures including imports from other eurozone counties and exports to and imports from countries outside the 28-nation EU.
The fall in exports narrowed the seasonally adjusted trade surplus to EUR21.3 billion from a revised EUR21.6 billion in August. The September reading was below the Reuters consensus forecast of EUR23.0 billion.


Canada Eyes India Trade Deal by Year-End
Yen Sinks as BOJ Rate Hike Fails to Impress Markets
East Germany Narrows Economic Gap With West but Wealth Divide Persists
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines
BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation
Yemen Fighting Threatens Red Sea Oil Routes
Iran Economic Crisis Forces Afghan Families to Return Home
US Stock Futures Rally as Markets Digest Fed Rate Hike
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro: Daily Commodity Tracker - 21st March, 2022 



