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MNI: GERMAN DATA: Trade Balance (Feb 2019) Preview...>

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MNI: GERMAN DATA: Trade Balance (Feb 2019) Preview - 07:00 BST
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- Trade Bal: Bbg Consensus: EUR16bn; Prev (Jan): EUR18.5bn
- Exports: Bbg Consensus: -0.5% m/m; Prev (Jan): 0.0% m/m, 1.7% y/y
- Imports: Bbg Consensus: -0.7% m/m; Prev (Jan): 1.5% m/m, 5.0% y/y
- Germany's trade surplus narrowed from EUR19.9bn in Dec to EUR18.5bn in Jan...
- ...as imports rose by 1.5% m/m while exports were flat following a 1.6% rise
at the end of last year
- On a rolling 12-month basis, the trade surplus narrowed to a four-year low
- The German export sector has been contending with a number of challenges in
recent months...
- ...including a softer global demand backdrop, heightened geopolitical
uncertainty and the lagged impact of earlier Euro appreciation
- While import volumes have been supported by relatively robust domestic demand,
import values have been depressed by lower global commodity prices

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