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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 FEB IMPORTS +6.4% M/M, JAN -4.0% M/M
GERMANY FEB EXPORTS +4.5% M/M, JAN -3.0% M/M
FEB TRADE BALANCE SA 11.5BLN
- Germany's trade data saw an upside surprise in February following a January slump caused by associated slowdown effects of the Omicron wave.
- Both export/import and trade balance prints beat consensus forecasts.
- Exports grew +6.4% m/m (+1.5% expected), almost 5pp above expectations and a solid 9.4pp rebound from January.
- Imports expanded by +4.5% m/m in February (+1.0% expected), which is up 8.5pp from January.
- The total trade balance for February came in at 11.5bln EUR, 1.5bln above the forecast.
- February saw substantial reductions in trade with Russia due to sanctions imposed at the end of the month, although the March print will highlight the total extent of sanctions on trade between the countries.
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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