April 8, 2019 / 6:12 AM / 2 months ago

German exports, imports drop more than expected in February

BERLIN, April 8 (Reuters) - German exports and imports both fell more than expected in February, data showed on Monday, in the latest sign that Europe’s largest economy is likely to post meagre growth in the first quarter.

The Federal Statistics Office said seasonally adjusted exports dropped by 1.3 percent on the month while imports were down 1.6 percent. That meant the trade surplus edged up to 18.7 billion euros ($20.99 billion) from a revised 18.6 billion euros the previous month.

A Reuters poll of economists had pointed to a 0.5 percent decrease in exports and a 0.7 percent decline in imports. The trade surplus was expected to narrow to 18.0 billion euros. ($1 = 0.8909 euros) (Reporting by Michael Nienaber Editing by Michelle Martin)

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