The German trade surplus widened to 21.6 billion euros in August, exceeding expectations of only 19.8 billion euros, compared to 19.3 billion euros in July. According to data released today, German exports recorded their biggest monthly rise since August 2016.
Exports of manufacturing power jumped significantly in a year, boosting the trade surplus of the eurozone's largest economy. Exports rose by 3.1% compared to July to above market expectations of only 1%. While imports rose by 1.2%.
Some economists believe that the euro's rise this year will weigh on exports in the euro area.
