The Trader 

Market Outlook: German July data slumps suddenly

The Trader

Released early this morning Germany’s July trade surplus dropped to €15.5 billion from €19.3 billion in June, the smallest in four years, caused by exports which dropped by 0.9 percent and imports which surged 2.8 per cent; the current account surplus sagged by a staggering 41 per cent (from €26.2 billion to €15.3 billion).  Simultaneously industrial production dropped by 1.1 per cent on the month taking the annualised rate of growth to 1.1 per cent (lowest since February last year).

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