Germany's trade surplus declined more than expected in July on weak exports and rising imports, exacerbating the possibility of economic contraction in the third quarter.
Exports posted a monthly decline of 0.9 percent in July, in contrast to June's 0.2 percent increase, Destatis reported Monday.
Nonetheless, the pace of decline was not as severe as economists' forecast of 1.5 percent decrease.
On the other hand, imports grew 1.4 percent, reversing a 3.2 percent drop in June. The pace of growth also exceeded expectations of 0.5 percent rise.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.