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German trade surplus narrows in January

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(Globalpost/GlobalPost)

The German trade surplus narrowed in January as imports grew faster than exports, official data showed on Monday.

Europe's biggest economy exported 91.9 billion euros ($119.6 billion) worth of goods in calendar and seasonally-ajusted terms in January, an increase of 1.4 percent from December, the national statistics office Destatis said.

Imports rose by a much stronger 3.3 percent to 76.2 billion euros.

That meant the seasonally-adjusted trade surplus declined to 15.7 billion euros in January from 16.9 billion euros in December, statisticians calculated.

By contrast, on a 12-month basis, the unadjusted trade surplus expanded slightly to 13.7 billion euros in January compared with 13.2 billion euros a year earlier, as exports grew by 3.1 percent year-on-year while imports advanced by 2.9 percent, Destatis said.

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http://www.globalpost.com/dispatch/news/afp/130311/german-trade-surplus-narrows-january