FRANKFURT, June 9 German exports rose more
strongly than expected in April and imports posted an even
bigger increase, narrowing the trade surplus of Europe's biggest
economy, data showed on Friday.
Seasonally adjusted exports were up 0.9 percent on the month
while imports jumped 1.2 percent, data from the Federal
Statistics Office showed.
A Reuters poll had pointed to exports rising 0.3 percent and
imports falling 1.0 percent.
The seasonally adjusted trade surplus edged down to 19.8
billion euros from a revised 19.9 billion euros in March. The
April reading was below the Reuters consensus forecast of 20.3
Germany's wider current account surplus, which measures the
flow of goods, services and investments, plunged to 15.1 billion
euros after a revised 31.1 billion euros in March, the data
Domestic demand has replaced exports as the main growth
driver in Germany as consumers and the state are benefiting from
record-high employment, rising tax revenues and low borrowing
costs enabled by the European Central Bank's loose monetary
(Reporting by Michael Nienaber; Editing by Andrea Shalal)