Germany's merchandise trade surplus increased more than economists expected in February, data released by the Federal Statistical Office showed Tuesday.
The trade surplus increased to EUR14.7 billion in February from EUR11.9 billion a year earlier. Economists were looking for a trade surplus of EUR12 billion. On a seasonally adjusted basis, the trade balance was a surplus of EUR13.6 billion.
Exports of goods increased 8.6 percent year-on-year to EUR91.3 billion in February. On a monthly basis, shipments advanced a seasonally and calendar adjusted 1.6 percent.
Imports advanced 6.1 percent annually to EUR76.5 billion during the month. Month-on-month, the value of arrivals rose 3.9 percent during the month.
by RTT Staff Writer
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