Germany’s trade surplus narrowed in September as imports outmatched exports, as the weakness in emerging markets pushes the economy away from its dependence on exports.
The Federal Statistical Office reported the trade surplus was at €19.4 billion ($20.9 billion) in September, adjusted for occasional swings and calendar effects, from €19.7 billion in August.
Imports climbed 3.6% from August and the adjusted value of total imports was at €80.9 billion, the highest since records started in 1991. Exports rose 2.6% following it sustained its steepest slump in nearly seven years.
Current account balance was at €25.1 billion in September.
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