German Exports Unexpectedly Rose in January
09 Março 2021 - 4:43AM
Dow Jones News
By Maria Martinez
German exports continued their recovery in January despite
lockdown restrictions to contain the coronavirus pandemic, beating
expectations of a decline.
The country's exports rose 1.4% in January from December in
adjusted terms, statistics office Destatis said Tuesday. Economists
had forecast a 1.8% decline in adjusted terms, according to a poll
by The Wall Street Journal.
Imports in January fell 4.7% on month. The figures account for
seasonal swings and calendar effects.
Compared with February--the month before last spring's
coronavirus lockdown--exports were down by a calendar and
seasonally adjusted 3.3% and imports down by 5.2%, Destatis
said.
Germany's trade surplus--the balance of exports and imports of
goods--totaled 22.2 billion euros ($26.3 billion) in calendar and
seasonally adjusted terms in January, Destatis said. Economists
polled by The Wall Street Journal forecast the trade surplus at
EUR15.8 billion.
According to provisional results from central bank Deutsche
Bundesbank, the current account of the balance of payments showed a
EUR16.9 billion surplus in January, taking into account the
balances of trade in goods including supplementary trade items,
services, primary income, and secondary income.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
March 09, 2021 02:28 ET (07:28 GMT)
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