Germany: Trade surplus narrows €15.7B in January

German Trade surplus narrowed to €15.7 billion in January from €16.9 billion in December, according to data released today by Destatis. Analysts expected the surplus to narrow to €15.8 billion. German Current Account surplus narrowed to €11.3 billion in January, from €20.2 billion in December.

German Exports rose 1.4% in January, in comparison with the 0.2% growth in December, above market consensus of increasing 0.3%. German Imports climbed 3.3%, following a 1.5% drop and above forecasts of a 1% rise.