Germany's trade surplus declined more than expected in October, data from the Federal Statistical Office revealed Monday.
The trade surplus fell to EUR 17.9 billion in October from EUR 20.3 billion in September. Economists expected a decline to EUR 18.3 billion.
After adjusting to seasonal and calendar effects, exports increased 0.2 percent month-on-month in October. Imports rose 2.9 percent. Economists had forecast a 0.5 percent fall in exports and a 1.1 percent growth in imports.
On an annual basis, exports increased 0.6 percent to EUR 99.1 billion. At the same time, imports fell 1.6 percent to EUR 81.2 billion.
The current account surplus fell to EUR 19.1 billion from EUR 20 billion in the previous month. This was forecast to fall to EU 17 billion.
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