Investing.com – Germany's trade surplus narrowed in line with expectations in February, official data showed on Tuesday.
In a report, the German Federal Statistics Office said the trade surplus narrowed in line with expectations to EUR13.6 billion in February from EUR15.1 in January, whose figure was revised from a surplus of EUR14.2 billion.
According to the data, exports rose 1.6% in February, confounding expectations for a 1.2% drop, after rising by 3.4% in January.
German imports increased by 3.9%, beating expectations for a 1.3% gain, after climbing by 2.4% in January.
Following the release of the data, the euro was fractionally higher against the U.S. dollar, with EUR/USD easing up 0.04% to trade at 1.3111.
Meanwhile, the outlook for European stock markets was downbeat. The EURO STOXX 50 futures pointed to a loss of 1.25%, France’s CAC 40 futures dropped 1.45%, London’s FTSE 100 futures retreated 0.85%, while Germany's DAX futures pointed to a drop of 1.15% at the open.
In a report, the German Federal Statistics Office said the trade surplus narrowed in line with expectations to EUR13.6 billion in February from EUR15.1 in January, whose figure was revised from a surplus of EUR14.2 billion.
According to the data, exports rose 1.6% in February, confounding expectations for a 1.2% drop, after rising by 3.4% in January.
German imports increased by 3.9%, beating expectations for a 1.3% gain, after climbing by 2.4% in January.
Following the release of the data, the euro was fractionally higher against the U.S. dollar, with EUR/USD easing up 0.04% to trade at 1.3111.
Meanwhile, the outlook for European stock markets was downbeat. The EURO STOXX 50 futures pointed to a loss of 1.25%, France’s CAC 40 futures dropped 1.45%, London’s FTSE 100 futures retreated 0.85%, while Germany's DAX futures pointed to a drop of 1.15% at the open.