Latest data released by Destatis - 8 January 2021
- Prior €19.4 billion
- Current account balance €21.3 billion vs €24.0 billion expected
- Prior €22.5 billion
- Exports +2.2% vs +1.0% m/m expected
- Prior +0.8%; revised to +0.9%
- Imports +4.7% vs +0.4% m/m expected
- Prior +0.3%; revised to +0.4%
German trade conditions continue to improve further towards the end of last year and this just reaffirms a more gradual recovery towards pre-virus levels.
The trade deficit narrowed in November amid a bigger jump in imports relative to exports but the fact that both beat estimates is a little more encouraging.