Investing.com – Germany's trade balance increased less-than-expected in July, official data showed on Wednesday.
In a report, the German Federal Statistics Office said the trade balance, or difference between imported and exported goods and services, increased to EUR 12.7 billion in July, up from EUR 12.4 in June, whose figure was revised up from EUR 12.3 billion.
Economists had expected the trade balance to rise to EUR 12.8 billion in July.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.27% to hit 1.2717.
In a report, the German Federal Statistics Office said the trade balance, or difference between imported and exported goods and services, increased to EUR 12.7 billion in July, up from EUR 12.4 in June, whose figure was revised up from EUR 12.3 billion.
Economists had expected the trade balance to rise to EUR 12.8 billion in July.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.27% to hit 1.2717.