Latest data released by Destatis - 10 May 2019
- Prior €17.9 billion; revised to €18.0 billion
- Current account balance €30.2 billion vs €26.0 billion expected
- Prior €16.3 billion; revised to €17.5 billion
- Exports +1.5% vs -0.4% m/m expected
- Prior -1.3%; revised to -1.2%
- Imports +0.4% vs +0.5% m/m expected
- Prior -1.6%
Slight delay in the release by the source. The trade surplus grows larger as exports came in as a notable beat, improving by 1.5% on the month. That's some good news at the very least for the German economy following a sluggish reading in February.
A glimmer of hope perhaps, but it doesn't change the fact that the overall health of the economy is still struggling in Q1 this year.
