German exports continue to rise

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Tuesday, Sep 08 2015

Germany exported goods to the value of 107.1 billion euros and imported goods to the value of 82.1 billion euros in July. German exports increased by 6.2% and imports by 6.1% in July 2015 year on year. After calendar and seasonal adjustment, exports rose by 2.4% to 103.4 billion euros and imports by 2.2% to 80.6 billion euros compared with June 2015. These are the highest seasonally adjusted monthly figures ever calculated both for exports and for imports.

The foreign trade balance showed a record surplus of 25.0 billion euros in July 2015. In July 2014, the surplus amounted to 23.5 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 22.8 billion euros in July 2015. Analysts were anticipating surplus of 21.8 billion euros. French Trade Balance deficit rose to 3.3 billion euros in line with market forecasts.

Euro is currently being traded few points above 1.12 handle. Pair is likely to find support around 1.1150 level and resistance above 1.1250 area. There will be no major data releases in the rest of the session.

More in this category: « Food sales in UK up in August Australian consumer confidence fell sharply in September »

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