Economic Buzz: German trade surplus at ?15.6B in September

The German trade surplus stood at ?15.6 billion in September, declining from ?19.5 billion recorded in August and coming in below expectations, the country's Federal Statistical Office Destatis revealed in its report on Monday.

The country's calendar and seasonally adjusted goods exports reached ?141.1 billion, rising by 2% on a monthly basis and by 7.7% on an annual basis. Imports amounted to ?125.5 billion, climbing by 4.2% month-on-month and by 8.7% year-on-year.

Meanwhile, Germany's exports to other countries of the European Union advanced by 3.5% in September compared to the previous month to stand at ?80.8 billion, while imports grew by 4.9% to ?62.9 billion. The country's exports to non-EU countries were up by 0.1% compared to August to reach ?60.3 billion, while imports were 3.6% higher and stood at ?62.7 billion.

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