German Imports Rise Higher While Exports Fall in June 2019 - Forex News by FX Leaders

German Imports Rise Higher While Exports Fall in June 2019

Posted Friday, August 9, 2019 by
Arslan Butt • 1 min read

According to data released by the Federal Statistics Office, German imports increased by more than expected even as exports fell lower. This news release does not bode well for the German as well as the Eurozone economies, both of which are experiencing a weakening over global trade tensions.

Seasonally adjusted imports rose by 0.5% while exports were down 0.1% for the month of June. Germany’s trade surplus touched 18.1 billion Euros, while the previous month’s trade surplus was also revised lower to 18.1 billion Euros. Economists had previously forecast a 0.3% increase in imports and a 0.1% decrease in exports. They had also expected the trade surplus to come in at 18.6 billion Euros for the month.

Early on Friday, EUR/USD continues to trade bearish, weakening to 1.118 at the time of writing.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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