German trade surplus narrows in June

8th August 2014, Comments 0 comments

Germany's trade surplus narrowed in June, as imports grew faster than exports, official data showed on Friday.

In seasonally adjusted terms, Germany exported goods worth a total of 93.7 billion euros ($125 billion) in June, up 0.9 percent from the figure for May, the federal statistics office Destatis said in a statement.

Imports grew by 4.5 percent to 77.4 billion euros.

That meant the seasonally adjusted trade surplus -- the balance between imports and exports -- decreased to 16.3 billion euros in June from 18.8 billion euros in May.

In unadjusted terms, the trade surplus also narrowed to 16.5 billion euros in June from 17.8 billion euros in May, Destatis said.

© 2014 AFP

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