German Imports Rise Higher While Exports Fall in June 2019

According to data released by the Federal Statistics Office, German imports increased by more than expected even as exports fell lower.

EUR/USD

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.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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