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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 JUN TRADE BALANCE EUR 6.4 BLN; MAY EUR 0.8r BLN
- German trade data for June saw significantly stronger exports (+4.5% m/m vs +1.3%r m/m in May) and softer imports (+0.2% m/m vs +3.2%r m/m in May).
- This generated a more healthy trade surplus of EUR 6.4bln, a massive beat of the 0.2bln forecast. The surplus remains less than half of that in 2021.
- The first German trade deficit since 1991 was initially reported in the May data at -1.0bln, however, this has been revised to +0.8bln in the June release.
- High commodity prices and food prices have generated inflated imports, as energy prices soar due to the effects of the ongoing Ukraine war. This coupled with lower manufacturing exports of an industry hampered by supply disruptions has accounted for a slowdown in German trade.
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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