German trade surplus widens in February

German February trade surplus widened to 8.9 bln from 6.8 bln euros in January, better than the median forecast of 7.5 bln. The improvement comes with imports falling sharply, down by -4.2% m/m compared to a median forecast of -2.0%. Exports meanwhile fell -0.7% m/m compared to a median forecat of -3.7%.

Elsewhere the Bank of France survey sees Q-1 GDP at -0.8% from previous forecast of -0.6%. The BOF industry business sentiment index came in at 73 in March, up from 71 in February.

Meanwhile EUR/USD continues to look pretty heavy, presently at 1.3165.