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Germany: Merchandise trade surplus narrows in August
Latest reading: In August, the trade balance was USD +12.8 billion, following a USD +17.1 billion reading in the previous month. Over the last 12 months, the trade balance summed to USD +204.0 billion.
Exports were down 0.5% in seasonally adjusted month-on-month terms in August (July: -0.2% mom s.a.), defying market expectations for growth. Imports were up 1.0% in year-on-year terms in August, following 4.4% growth in the prior month.
