German Trade Surplus Narrowed in October

Germany’s trade surplus narrowed in adjusted terms in October, data from the country’s statistics office showed Friday.

The trade balance, the difference between exports and imports, came in at a surplus of 19.9 billion euros ($23.5 billion) in October, after EUR21.9 billion in the previous month. Economists polled by The Wall Street Journal had expected a surplus of EUR21 billion.

In October, exports fell by 0.4% on the month while imports rose 1.8%, the data showed.

The current account balance, a broader measure of a country’s financial position, came in at EUR18.1 billion, below the expected EUR19.8 billion and also below September’s EUR25.8 billion.
Source: Dow Jones

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