German Trade Data is in
Balance SA: Actual 1.2B (Previous 5.4B)
Exports MoM SA: Actual 1.6% (Forecast 1.5%, Previous -2.1%)
Imports MoM SA: Actual 3.4% (Forecast 1.1%, Previous -1.5%)
A slight surprise on the import data, possibly a sign that reduced domestic consumption (due to producers shutting up on the back of higher energy prices) is forcing purchases from further afield
