German trade surplus jumps to $6.43 bn in Feb

Ulhas Joglekar ulhasj at bom4.vsnl.net.in
Thu Apr 13 06:59:50 PDT 2000


Thursday 13 April 2000

German trade surplus jumps to $6.43 bn in Feb FRANKFURT: Germany's trade surplus widened to a bigger-than-expected 13.1 billion marks ($6.43 billion) in February from 5.2 billion in January as exports jumped 10.8 percent, official data showed on Wednesday. The current account swung to a surplus of 1.7 billion marks from a January deficit of 15.5 billion marks, the Federal Statistics Office said. The figures beat market forecasts for a trade surplus of 9.7 billion marks and a current account deficit of 3.1 billion marks. Exports rose 10.8 percent month-on-month and 19 percent year-on-year to reach a value of 91.1 billion marks. Imports were little changed month-on-month at 78.0 billion marks in February compared with January's 77.0 billion. The export rise confirms an accelerating upturn in Germany's largest economy aided by the weakness of the euro which boosts exports to non euro-zone countries by making them cheaper.(AP) For reprint rights: Times Syndication Service
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