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German Oct trade surplus narrows to 16.8 bln euros, exports hit record
December 9, 2013 / 7:16 AM / 4 years ago

German Oct trade surplus narrows to 16.8 bln euros, exports hit record

BERLIN, Dec 9(Reuters) - Germany’s trade surplus narrowed to 16.8 billion euros in October as imports rose 2.9 percent on the month and exports rose 0.2 percent on a seasonally adjusted basis, data showed on Monday.

The trade surplus fell more steeply than a consensus forecast for it to narrow to 18.0 billion euros, from September’s slightly downwardly-revised 18.7 billion euros.

On an unadjusted basis, German exporters sold goods worth 99.1 billion euros, a record high for one month. Germany has come under fire from European peers for relying too heavily on foreign trade and running a high trade surplus and current account surplus.

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