German trade balance witnesses slight decline - BBH

Research Team at BBH, notes that the Germany reported a slight decline in its trade balance to EUR18.8 bln from EUR20.5 bln previously.

Key Quotes

“However, this masked a 1.6% decline in exports. The consensus expected a 0.5% increase. Imports also fell 1.6%, three times what the market anticipated. The EUR25.6 bln current account surplus puts the Q4 average at EUR24.3 bln compared with EUR21.0 bln average in Q3, despite a trade balance that was little changed in the quarter. German Q4 GDP figures are due before the weekend. The economy ended 2015 on a soft note.”