MNI BRIEF: Fed Review Must Incorporate Many Scenarios - Kugler

MNI BRIEF: Fed's Kugler Says Makes Sense To Hold For Some Time

MNI BRIEF: Job On Inflation Not Done, Care Needed - BOE Pill

MNI BRIEF: Mexico Inflation Down To 3.59% In January

MNI BRIEF: Tariffs Force CBRT To Hike 2025 Inflation Forecast

MNI China Daily Summary: Friday, February 7

MNI: US DEC CONSUMER CREDIT +$40.8B

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 480; GAS RIGS 100

BAKER HUGHES CANADA RIG COUNT 249; OIL RIGS 177; GAS RIGS 72

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GERMAN DATA: December Trade Surplus Increases Amid Higher Exports

GERMAN DATA
Data BulletEurozoneGermanyCEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets

The German trade balance surprisingly increased in December to E20.7bln (seasonally-adjusted, vs E17.0bln cons; E19.7bln prior, revised from E19.2bln). That came as the growth in exports (+2.9% M/M vs -0.5% cons, +2.3% Nov revised from +2.1%) outstripped that of imports (+2.1% M/M vs +1.9% cons, -2.7% Nov revised from -3.3%).

On a longer-term view, the German trade surplus appears to be stalling however - the surplus fell back to 5.6% GDP on a 12-month rolling basis. For context, it has recovered since October 2022 when it saw a 2.0% low but remains well below its highs of almost 8%.

Keep reading...Show less
269 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The German trade balance surprisingly increased in December to E20.7bln (seasonally-adjusted, vs E17.0bln cons; E19.7bln prior, revised from E19.2bln). That came as the growth in exports (+2.9% M/M vs -0.5% cons, +2.3% Nov revised from +2.1%) outstripped that of imports (+2.1% M/M vs +1.9% cons, -2.7% Nov revised from -3.3%).

On a longer-term view, the German trade surplus appears to be stalling however - the surplus fell back to 5.6% GDP on a 12-month rolling basis. For context, it has recovered since October 2022 when it saw a 2.0% low but remains well below its highs of almost 8%.

Keep reading...Show less