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).
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis