German trade balance…
German exports fell in April 2012 by 1.7 percent after taking into account working days and seasonal changes- Federal Statistics Office informed on Friday.
The increase in March by 0.8 % was revised today.
Analysts expected a drop in the meantime by 0.7 percent.
Imports in the fourth month of 2012 fell 4.8%, after an increase in March 0.9%. Here expectations said about 0.1% decline.
Despite the decrease in volume, trade balance recorded surplus of EUR16.1 billion.
Comparing with 2011 exports increased by 3.4% and imports decreased by 1.0%.
