Germany's trade surplus decreased more than expected by economists in December as exports dropped, data from the Federal Statistical Office showed Wednesday.
The trade surplus declined to EUR 12.9 billion in December from EUR 15.9 in November. Economists had forecast a decline to EUR 13.7 billion. On a calendar and seasonally adjusted basis, exports fell 4.3 percent month-on-month in December, faster than the expected 1 percent decline. Meanwhile, imports dropped 3.9 percent, confounding expectations for a 1 percent rise.
The trade balance, on a seasonal and calendar basis, was in a surplus of EUR 13.9 billion.
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