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