German Trade Surplus Increases In September
(RTTNews) - Germany’s trade surplus increased to EUR 10.6 billion in September from EUR 8.1 billion in August, the Federal Statistical Office reported Monday. However, the surplus stood below the expected level of EUR 11.2 billion. A year ago, the surplus totaled EUR 15.3 billion. Upon calendar and seasonal adjustment, the foreign trade balance showed a surplus of EUR 9.9 billion in September 2009.
Germany exported commodities to the value of Euro 70 billion, up 3.8% from August. At the same time, imports rose 5.8% to EUR 59.4 billion in September. In August, exports had declined 2.8%, while imports recorded 0.5% monthly growth.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of EUR 9.4 billion in September compared to EUR 4.4 billion in August.
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