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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.
GERMAN DATA
MNI (London)
GERMANY DEC IMPORTS +4.7% M/M, NOV +3.4%r
GERMANY DEC EXPORTS +0.9% M/M, NOV +1.8%r
DEC TRADE BALANCE SA 6.8BLN, NPV 11.6BLNr
- German trade data missed estimates, with exports growing by +0.9% m/m, down from +1.8%r m/m in November albeit substantially stronger than the contraction of -0.5% forecast.
- On the other side of the balance sheet, imports jumped +4.7% m/m in December, beating expectations by about seven points which saw a dip to -2.1% m/m. Imports increased on the month from November's revised reading of +3.4%.
- Compared with December 2020, exports were up +15.6 y/y, whilst imports were up a significant +27.8% y/y.
- This leaves the trade balance at 7.0b for December, dipping 4.6bln from November and approximately 4.0b below the consensus forecast.
- Exports and imports within the EU both grew by about +23% y/y.
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.
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