Unexpected Growth in German Trade Surplus

In a surprising turn of events, Germany's trade surplus expanded to €17.7 billion in February, up from €16.2 billion in January. However, this figure still falls short of the €22.6 billion recorded in February 2024 and analysts' expectations, as reported by Destatis, the Federal Statistical Office of Germany, on Monday.

Exports and Imports Show Mixed Trends

Adjusted for seasonal and calendar effects, the country's goods exports reached €131.6 billion, marking a 1.8% increase from the previous month and a slight 0.1% rise year-on-year. On the other hand, imports totaled €113.8 billion, showing a 0.7% monthly growth and a more significant 4.6% annual increase.

Stay tuned for more updates on this developing story.