German Trade Balance showed surplus of 19.6 billion euros

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Thursday, Oct 08 2015

Germany exported goods to the value of 88.0 billion euros and imported goods to the value of 72.8 billion euros in August 2015. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 5.0% and imports by 4.0% in August 2015 year on year. Compared with July 2015, exports decreased a calendar and seasonally adjusted 5.2%, and imports by 3.1%.

The foreign trade balance showed a surplus of 15.3 billion euros in August 2015. In August 2014, the surplus amounted to +13.9 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.6 billion euros in August 2015. Analysts were predicting surplus of 20.2 billion euros.

Euro is currently being traded few points above 1.1250 level. Pair is likely to find support around 1.12 handle and resistance above 1.13 area. Later today, in the US session, Unemployment Claims figures and FOMC Meeting Minutes are scheduled for a release.

More in this category: « Aussie lower on speculations of additional stimulus in China BoE keeps interest rates unchanged, inflation in focus »

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