Investing.com – Germany's trade surplus widened more-than-expected in November, as exports rebounded from the previous month’s drop, official data showed on Monday.
In a report, the German Federal Statistics Office said the trade surplus, or difference between imported and exported goods and services, widened to EUR15.1 billion in November, up from EUR12.5 in October, whose figure was revised down from a EUR12.6 billion surplus.
Economists had expected the trade surplus to widen to EUR13.0 billion in November.
According to the data, exports rose 2.5% in November, rebounding from October’s 2.9% drop. German imports fell by 0.4% in November, confounding expectations for a 0.5% increase.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.15% to hit 1.2738.
Meanwhile, the outlook for European stock markets was modestly higher. The EURO STOXX 50 futures pointed to a gain of 0.2%, France’s CAC 40 futures added 0.3%, the FTSE 100 futures eased up 0.1%, while Germany's DAX futures edged up 0.1%.
In a report, the German Federal Statistics Office said the trade surplus, or difference between imported and exported goods and services, widened to EUR15.1 billion in November, up from EUR12.5 in October, whose figure was revised down from a EUR12.6 billion surplus.
Economists had expected the trade surplus to widen to EUR13.0 billion in November.
According to the data, exports rose 2.5% in November, rebounding from October’s 2.9% drop. German imports fell by 0.4% in November, confounding expectations for a 0.5% increase.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.15% to hit 1.2738.
Meanwhile, the outlook for European stock markets was modestly higher. The EURO STOXX 50 futures pointed to a gain of 0.2%, France’s CAC 40 futures added 0.3%, the FTSE 100 futures eased up 0.1%, while Germany's DAX futures edged up 0.1%.