German Trade Surplus Grows in July
Germany's trade surplus grew strongly in July on the back of booming exports, official data showed on Monday.
In seasonally adjusted terms, Germany exported goods worth a total of 98.2 billion euros ($127 billion) in July, up 4.7 percent from the figure for June, the federal statistics office Destatis said in a statement.
Imports, on the other hand, shrank by 1.8 percent to 76.1 billion euros.
That meant the seasonally adjusted trade surplus -- the balance between imports and exports -- increased to 22.2 billion euros in July from 16.4 billion euros in June.
In unadjusted terms, the trade surplus jumped to a record 23.4 billion euros in July, Destatis said.
Source: Agence France Presse
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