Germany's trade surplus reduced more than anticipated in September as imports increased more than exports, data published by the Federal Statistical Office showed Friday.
The country's trade surplus fell by 9.5% to EUR15.3 billion in September from EUR16.9 billion in August, the latter revised down from EUR17.2 billion. The decline in the surplus is much sharper than the FXStreet-cited consensus, which had anticipated a surplus of EUR16.8 billion in September.
Exports rose 1.4% monthly in September after a fall of 0.8% in August, which was revised down from a decline of 0.5%.
Imports climbed 3.1% monthly in September after a decline of 1.4% in August, revised down from 1.3%.
Notably, German exports to the UK rose 7.1% monthly in September to EUR7.0 billion, while imports from the UK jumped 20% to EUR3.6 billion during the same period.