(RTTNews) - Thursday, Germany’s Federal Statistical Office said in a report that the trade surplus increased to EUR 9.6 billion in May from EUR 9.4 billion in the previous month. A year earlier, the trade surplus was EUR 14.5 billion. Upon calendar and seasonal adjustment, the foreign trade surplus totaled EUR 10.3 billion.

According to provisional results of the Deutsche Bundesbank, the current account surplus amounted to EUR 3.7 billion in May, down from EUR 5.5 billion in April.

Exports slipped 24.5% annually in May, compared to the 28.8% fall in April, revised from 28.7% drop reported initially. On a monthly basis, exports rose a calender and seasonally adjusted 0.3%, after falling 5% in April, revised from 4.8% decline reported initially.

Meanwhile, imports dropped 22.6% year-on-year in May, compared with a 23% fall in April, revised from 22.9% fall estimated initially. Month-on-month, imports fell 2.1% in May, after falling 6% in the previous month.. The April figure was revised from 5.8% fall reported earlier.

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Posted in Categories: Economy, Eurozone, Releases.

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